The economy is opening up and companies are hiring, but some people are reluctant to return to work until Covid has been beaten down further. The result is that companies are desperately looking for employees at the same time that unemployment remains relatively high. One company that’s working to balance this situation is highly rated Korn Ferry International (KFY). On Wednesday, the Relative Strength (RS) Rating for Korn Ferry stock climbed to a lofty 93, up from 90 the day before.
The 93 RS Rating means that Korn Ferry stock is among the top 7% in price performance over the past year. Market research shows that the market’s biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
Other Key Korn Ferry Stock Ratings
Korn Ferry stock also holds a 95 Composite Rating out of 99, a good but not great 76 EPS Rating and a B Accumulation/Distribution Rating, on an A+ to E scale. The B A/D Rating means that institutional investors are moderately buying its stock.
In terms of top and bottom line numbers, the Los Angeles-based company has posted three quarters of increasing earnings growth. Revenue gains have also moved higher during the same period.
On Tuesday, Korn Ferry reported a 102% surge in fiscal fourth quarter earnings to $1.21 per share. Revenue grew 24% to $557.4 million.
“The diversity and relevance of our offerings and our ability to adapt to delivering our consulting services in a virtual world have helped companies achieve their organizational opportunities,” CEO Gary Burnison said in an earnings news release.
Korn Ferry stock on Tuesday jumping nearly 10% to 71.43 on earnings, a new high. Its stock was down fractionally in Wednesday afternoon trading.
Korn Ferry International holds the No. 6 rank among its peers in the Commercial Services-Staffing industry group. Cross Country Healthcare (CCRN), AMN Healthcare Services (AMN) and Headhunter Group (HHR) are among the top 5 highly rated stocks within the group.
Korn Ferry International is in a buy zone after clearing a 69.46 buy point in a flat base. Once a stock moves 5% or higher beyond the original entry, it’s considered extended and out of buy range.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating tracks technical performance by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.
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