Stock Rating Downgrade
In the last week the Value Trend Rating for Korn Ferry (NYSE: KFY) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 6/14/24, Korn Ferry (NYSE: KFY) stock suffered a large decline of -5.0%, closing at $66.73. Moreover, this decline was accompanied by exceptionally high trading volume at 213% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.9% during the last week.
Current PriceTarget Research Rating
KFY is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Korn Ferry has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Korn Ferry has a slightly negative Appreciation Score of 30 but a good Power Rating of 77, and the Neutral Value Trend Rating results.
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