Kyndryl Holdings, Inc. (KD) – What Are Brokerages Saying About This Stock?

Shares of Kyndryl Holdings, Inc. (NYSE:KD) have earned a consensus recommendation of “Reduce” from the nine brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $16.50.

Several research analysts have commented on the company. BMO Capital Markets reissued a “market perform” rating and set a $16.00 target price on shares of Kyndryl in a research note on Thursday, August 6th. Zacks Research upgraded Kyndryl from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Weiss Ratings lowered Kyndryl from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. lifted their price target on Kyndryl from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Monday, August 10th.

Kyndryl Trading Down 0.1%

Shares of Kyndryl stock opened at $13.18 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.85. Kyndryl has a 52-week low of $10.10 and a 52-week high of $29.45. The firm has a 50-day moving average of $12.55 and a 200-day moving average of $12.50. The stock has a market cap of $2.87 billion, a PE ratio of 35.62 and a beta of 1.66.

Kyndryl (NYSE:KD) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Kyndryl had a return on equity of 12.24% and a net margin of 0.58%. Kyndryl’s revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the business earned $0.37 earnings per share. As a group, sell-side analysts forecast that Kyndryl will post 1.36 EPS for the current year.

Hedge Funds Weigh In On Kyndryl

Hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new stake in shares of Kyndryl during the 1st quarter valued at about $29,000. Trust Co. of Vermont bought a new stake in Kyndryl in the 2nd quarter valued at about $25,000. Versant Capital Management Inc boosted its holdings in Kyndryl by 104.1% in the second quarter. Versant Capital Management Inc now owns 2,418 shares of the company’s stock worth $27,000 after acquiring an additional 1,233 shares in the last quarter. NFSG Corp raised its position in shares of Kyndryl by 177.2% during the first quarter. NFSG Corp now owns 2,830 shares of the company’s stock worth $37,000 after purchasing an additional 1,809 shares during the period. Finally, IFP Advisors Inc increased its stake in Kyndryl by 44.8% during the 2nd quarter. IFP Advisors Inc now owns 3,256 shares of the company’s stock valued at $37,000 after purchasing an additional 1,008 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors.

About Kyndryl

Kyndryl Holdings, Inc (NYSE: KD) is an information technology services company that designs, builds, manages and modernizes mission-critical technology systems for businesses and public-sector organizations. Its services include managed infrastructure, cloud solutions, application management, network and edge services, cybersecurity, data and artificial intelligence, and technology consulting.

The company helps clients operate and transform complex IT environments, including hybrid cloud and traditional on-premises systems.