Kyndryl Holdings, Inc. (NYSE:KD – Get Free Report) has been assigned a consensus rating of “Buy” from the five research firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have covered the stock in the last year is $29.40.
KD has been the topic of a number of recent research reports. Scotiabank raised their target price on Kyndryl from $28.00 to $30.00 and gave the company a “sector outperform” rating in a research note on Monday, May 13th. Susquehanna boosted their target price on shares of Kyndryl from $27.00 to $33.00 and gave the company a “positive” rating in a research note on Thursday, May 9th. Finally, Oppenheimer began coverage on shares of Kyndryl in a research note on Thursday, June 27th. They issued an “outperform” rating and a $33.00 price target on the stock.
Check Out Our Latest Report on Kyndryl
Insider Buying and Selling at Kyndryl
Institutional Trading of Kyndryl
Large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC purchased a new stake in shares of Kyndryl during the first quarter valued at $26,000. ORG Partners LLC raised its holdings in Kyndryl by 622.4% during the 1st quarter. ORG Partners LLC now owns 1,416 shares of the company’s stock worth $31,000 after buying an additional 1,220 shares during the period. Headlands Technologies LLC lifted its stake in Kyndryl by 60.2% during the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock valued at $39,000 after buying an additional 554 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Kyndryl in the second quarter worth about $39,000. Finally, Atlas Capital Advisors LLC purchased a new position in shares of Kyndryl in the first quarter worth approximately $33,000. 71.53% of the stock is currently owned by institutional investors.
Kyndryl Trading Down 1.4 %
Shares of NYSE KD opened at $23.22 on Friday. Kyndryl has a 12-month low of $13.87 and a 12-month high of $28.60. The company has a market cap of $5.35 billion, a price-to-earnings ratio of -15.58, a price-to-earnings-growth ratio of 4.71 and a beta of 1.67. 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 stock’s 50 day simple moving average is $25.38 and its 200 day simple moving average is $23.69.
About Kyndryl
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.
Featured Articles
- Five stocks we like better than Kyndryl
- Canadian Penny Stocks: Can They Make You Rich?
- Columbia Sportswear: A Turnaround Story That’s Gaining Ground
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Lowe’s Stock: Hold Now, Buy it When it Dips
- Technology Stocks Explained: Here’s What to Know About Tech
- ZIM Shipping Stock Soars as the Industry Shows a Bottoming Trend
Receive News & Ratings for Kyndryl Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kyndryl and related companies with MarketBeat.com's FREE daily email newsletter.