Kyndryl Holdings, Inc. (NYSE:KD) Receives $28.50 Average Price Target from Brokerages

Kyndryl Holdings, Inc. (NYSE:KD) has earned an average recommendation of “Buy” from the five analysts that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $29.40.

A number of research firms recently issued reports on KD. Scotiabank raised their price target on Kyndryl from $28.00 to $30.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 13th. Oppenheimer assumed coverage on shares of Kyndryl in a report on Thursday, June 27th. They issued an “outperform” rating and a $33.00 target price on the stock. Finally, Susquehanna upped their price target on shares of Kyndryl from $27.00 to $33.00 and gave the company a “positive” rating in a research report on Thursday, May 9th.

Kyndryl Trading Up 1.7 %

Shares of Kyndryl stock opened at $26.75 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.77. The company has a fifty day simple moving average of $25.11 and a 200-day simple moving average of $22.50. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of -17.95, a PEG ratio of 6.05 and a beta of 1.68. Kyndryl has a 12-month low of $11.92 and a 12-month high of $28.60.

Kyndryl (NYSE:KD) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.11. Kyndryl had a negative net margin of 2.12% and a negative return on equity of 4.11%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the firm posted ($0.21) earnings per share. Kyndryl’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, equities analysts forecast that Kyndryl will post 0.87 EPS for the current fiscal year.

Insider Transactions at Kyndryl

In other news, SVP Vineet Khurana sold 30,430 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $26.36, for a total value of $802,134.80. Following the completion of the sale, the senior vice president now owns 78,722 shares in the company, valued at approximately $2,075,111.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.04% of the company’s stock.

Institutional Trading of Kyndryl

A number of institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC acquired a new position in Kyndryl during the first quarter worth about $26,000. ORG Partners LLC lifted its position in shares of Kyndryl by 622.4% during the 1st quarter. ORG Partners LLC now owns 1,416 shares of the company’s stock valued at $31,000 after acquiring an additional 1,220 shares during the period. Atlas Capital Advisors LLC purchased a new stake in shares of Kyndryl during the 1st quarter worth approximately $33,000. Fortis Group Advisors LLC grew its holdings in shares of Kyndryl by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 1,600 shares of the company’s stock worth $33,000 after acquiring an additional 800 shares during the period. Finally, Pingora Partners LLC purchased a new position in Kyndryl in the 4th quarter valued at approximately $50,000. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Kyndryl Company Profile

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.