Credit Suisse Group began coverage on shares of Heidrick & Struggles International (NASDAQ:HSII) in a research report issued to clients and investors on Friday, Marketbeat reports. The firm set a “neutral” rating and a $40.00 price target on the business services provider’s stock. Credit Suisse Group’s price objective suggests a potential downside of 5.66% from the company’s previous close.

A number of other brokerages have also recently weighed in on HSII. SunTrust Banks raised their price objective on shares of Heidrick & Struggles International to $35.00 and gave the stock a “hold” rating in a research note on Tuesday, April 24th. BidaskClub cut shares of Heidrick & Struggles International from a “hold” rating to a “sell” rating in a research note on Friday, July 13th. Zacks Investment Research raised shares of Heidrick & Struggles International from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective for the company in a research note on Wednesday, August 1st. ValuEngine cut shares of Heidrick & Struggles International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 20th. Finally, Barrington Research raised their price objective on shares of Heidrick & Struggles International from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, August 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $41.75.

Shares of HSII stock traded down $1.40 during midday trading on Friday, reaching $42.40. 111,364 shares of the company traded hands, compared to its average volume of 165,090. Heidrick & Struggles International has a 1-year low of $17.90 and a 1-year high of $44.35. The company has a market cap of $830.39 million, a price-to-earnings ratio of 38.90, a PEG ratio of 1.61 and a beta of 1.67.

Heidrick & Struggles International (NASDAQ:HSII) last issued its quarterly earnings data on Monday, July 30th. The business services provider reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.14. Heidrick & Struggles International had a negative net margin of 1.36% and a positive return on equity of 13.98%. The business had revenue of $183.06 million during the quarter, compared to analysts’ expectations of $164.31 million. equities research analysts expect that Heidrick & Struggles International will post 2.01 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its stake in Heidrick & Struggles International by 63.0% in the 2nd quarter. SG Americas Securities LLC now owns 5,292 shares of the business services provider’s stock worth $185,000 after acquiring an additional 2,045 shares during the period. Legal & General Group Plc grew its stake in Heidrick & Struggles International by 8.3% in the 2nd quarter. Legal & General Group Plc now owns 37,664 shares of the business services provider’s stock worth $1,326,000 after acquiring an additional 2,898 shares during the period. First Trust Advisors LP grew its stake in Heidrick & Struggles International by 18.8% in the 2nd quarter. First Trust Advisors LP now owns 21,445 shares of the business services provider’s stock worth $751,000 after acquiring an additional 3,401 shares during the period. Principal Financial Group Inc. grew its stake in Heidrick & Struggles International by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 143,985 shares of the business services provider’s stock worth $4,500,000 after acquiring an additional 3,417 shares during the period. Finally, ClariVest Asset Management LLC purchased a new stake in Heidrick & Struggles International in the 1st quarter worth approximately $125,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Heidrick & Struggles International Company Profile

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, culture shaping, and leadership consulting services on a retained basis to businesses and business leaders in the Americas, Europe, the Asia Pacific, and internationally. The company enables its clients to build leadership teams by facilitating the recruitment, management, and deployment of senior executives.

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