Kyndryl Holdings, Inc. (NYSE:KD) Receives $29.00 Average Price Target from Analysts

Shares of Kyndryl Holdings, Inc. (NYSE:KDGet Free Report) have received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $29.00.

Several equities research analysts recently issued reports on the company. Scotiabank began coverage on Kyndryl in a research report on Tuesday, January 27th. They set an “outperform” rating on the stock. Wall Street Zen raised shares of Kyndryl from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. JPMorgan Chase & Co. downgraded shares of Kyndryl from an “overweight” rating to an “underweight” rating and set a $16.00 price target on the stock. in a research report on Monday, February 9th. Zacks Research downgraded shares of Kyndryl from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Finally, Guggenheim lowered shares of Kyndryl from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 10th.

Check Out Our Latest Research Report on Kyndryl

Kyndryl Stock Performance

Shares of KD stock opened at $12.84 on Friday. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 12.23 and a beta of 1.84. Kyndryl has a one year low of $10.10 and a one year high of $44.20. The company’s 50-day simple moving average is $21.20 and its 200-day simple moving average is $26.02. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.86 and a current ratio of 0.86.

Kyndryl (NYSE:KDGet Free Report) last announced its quarterly earnings data on Monday, February 9th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.08). The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. Kyndryl had a net margin of 1.65% and a return on equity of 25.91%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. Equities analysts anticipate that Kyndryl will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Kyndryl

In related news, SVP Vineet Khurana sold 6,641 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $26.69, for a total value of $177,248.29. Following the sale, the senior vice president owned 59,708 shares of the company’s stock, valued at approximately $1,593,606.52. This trade represents a 10.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Kyndryl

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC bought a new stake in Kyndryl during the 4th quarter valued at $29,000. Quarry LP acquired a new position in shares of Kyndryl during the fourth quarter valued at $31,000. Assetmark Inc. raised its stake in shares of Kyndryl by 75.3% during the second quarter. Assetmark Inc. now owns 775 shares of the company’s stock valued at $33,000 after purchasing an additional 333 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Kyndryl by 192.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,171 shares of the company’s stock worth $35,000 after purchasing an additional 770 shares during the period. Finally, NBT Bank N A NY lifted its holdings in Kyndryl by 3,220.0% in the fourth quarter. NBT Bank N A NY now owns 1,328 shares of the company’s stock worth $35,000 after purchasing an additional 1,288 shares during the period. 71.53% of the stock is owned by institutional investors.

Key Kyndryl News

Here are the key news stories impacting Kyndryl this week:

About Kyndryl

(Get Free Report)

Kyndryl (NYSE: KD) is a global managed infrastructure services provider formed in November 2021 through the spin-off of IBM’s Managed Infrastructure Services business. The company designs, builds, manages and modernizes critical information technology systems for enterprises worldwide. Kyndryl’s core offerings include cloud migration and management, network and edge computing solutions, digital workplace services and IT resiliency and security capabilities.

With a workforce of approximately 90,000 professionals and operations in more than 60 countries, Kyndryl serves clients across a broad range of industries, including financial services, telecommunications, healthcare, manufacturing and retail.

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Analyst Recommendations for Kyndryl (NYSE:KD)

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