This stock is a great international idea for growth investors seeking to expand portfolios. Korn Ferry Inc. (NYSE: KFY) engages in the provision of global organizational consulting firms. Its solutions include organizational strategy, talent acquisition, rewards and benefits, assessment and succession, and leadership development. The company helps organizations select and hire the talent they need to execute their strategy.
The bullish earnings were well received, and the analysts said this about the company:
Korn Ferry reported healthy fiscal second quarter results, with revenue, margins and earnings per share that meaningfully surpassed our expectations and FactSet consensus. We believe the company’s diversified business model and rebounding new business trends will drive further improvements in top-line performance across its exec search, consulting, digital and recruitment process outsourcing businesses.
The $35 Goldman price objective was lifted to $40. The consensus target was last seen at $38.80, and the final Tuesday trade for Korn Ferry stock was at $40.97.
This is another south of the border idea that could work well in an improving economic picture. Ternium S.A. (NYSE: TX) is the second-largest Latin American flat steel producer, with crude steel capacity of 16.6 million tons, including 5 million of semi-finished capacity. Ternium’s facilities are located in Mexico, Argentina and Brazil. The company is controlled by Techint Group, which directly owns 59% of total capital, and the market free float is 14%. Ternium sells around 80% of its products in domestic markets, and 77% of all shipments are flat steel products.
The outlook for the company is solid and the analysts noted this in a research report:
We increase our EBITDA estimates for 2020, 2021 and 2022 by +20%/22%/13% mostly due to higher expected sales for all operations and higher expected steel prices in Mexico (thanks to demand recovery in North America and Brazil).
Goldman Sachs boosted its price target to $30 from $23. The posted consensus target is $22.96. Ternium stock closed at $26.96 a share on Tuesday.
These four top companies are executing well and their stocks look to have very solid upside to the Goldman Sachs price targets. These are stocks may be better suited for accounts with a somewhat higher risk tolerance, as they could be a touch more volatile, given the solid runs they have all made.
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