Currently, Korn Ferry [KFY] is trading at $66.14, up 3.21%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The KFY shares have gain 11.35% over the last week, with a monthly amount glided 11.99%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, Korn Ferry to Participate in the Bank of America Securities Information and Business Services Conference 2024. In a post published today on Yahoo Finance, Korn Ferry (NYSE: KFY) today announced the company’s participation in the Bank of America Securities Information and Business Services Conference 2024 on Thursday, March 14th, 2024.
From an analyst’s perspective:
Korn Ferry [NYSE: KFY] stock has seen the most recent analyst activity on February 29, 2024, when William Blair upgraded its rating to a Outperform. Previously, UBS started tracking the stock with Neutral rating on September 15, 2023, and set its price target to $53. On November 25, 2022, downgrade downgraded it’s rating to Mkt Perform. Robert W. Baird upgraded its rating to a Outperform but stick to its price target of $49 on November 25, 2020. Sidoti upgraded its rating to a Buy and raised its price target to $43 on July 16, 2020. Sidoti downgraded its rating to Neutral for this stock on June 08, 2020. In a note dated May 21, 2020, Credit Suisse upgraded an Neutral rating on this stock and boosted its target price from $22 to $32.
This stock has fluctuated between a low of $44.45 and a high of $64.09 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $74.5 within the next 12 months. Korn Ferry [NYSE: KFY] shares were valued at $66.14 at the most recent close of the market. An investor can expect a potential return of 12.64% based on the average KFY price forecast.
Analyzing the KFY fundamentals
Trailing Twelve Months sales for Korn Ferry [NYSE:KFY] were 2.84B which represents -3.16% decline. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.07 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 64.94 points at the first support level, and at 63.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.81, and for the 2nd resistance point, it is at 67.49.
Korn Ferry [KFY] reported earnings per share of $0.97 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.95/share, meaning a difference of $0.02 and a surprise factor of 2.10%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.99 per share as compared to estimates of $0.91 per share, a difference of $0.08 representing a surprise of 8.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Korn Ferry [NYSE:KFY] is 1.86. Also, the Quick Ratio is 1.86, while the Cash Ratio stands at 0.81. Considering the valuation of this stock, the price to sales ratio is 1.22, the price to book ratio is 2.10 and price to earnings (TTM) ratio is 33.47.
