Korn Ferry (NYSE: KFY) has reported earnings for its third fiscal quarter (ending January 31) of $1.14 versus $0.21 for the same period a year ago. For the latest four quarters through January 31, E.P.S. were $2.91 versus $4.78 for the same period a year ago.
Recent Price Action
Korn Ferry (NYSE: KFY) stock increased 1.3% on 3/6/24. The shares closed at $64.87. Moreover, unusually high trading volume at 193% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 7.0% 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 exceed the cost of capital.
Korn Ferry has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Korn Ferry has a neutral Appreciation Score of 60 but a good Power Rating of 74, producing the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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