Kyndryl Holdings, Inc. (NYSE:KD) Given Consensus Rating of “Hold” by Brokerages

Kyndryl Holdings, Inc. (NYSE:KDGet Free Report) has been given an average recommendation of “Hold” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $29.00.

KD has been the topic of several recent research reports. Scotiabank assumed coverage on shares of Kyndryl in a report on Tuesday, January 27th. They issued an “outperform” rating on the stock. Wall Street Zen upgraded shares of Kyndryl from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. Oppenheimer reiterated a “market perform” rating on shares of Kyndryl in a research report on Monday, February 9th. Zacks Research lowered Kyndryl from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. cut shares of Kyndryl from an “overweight” rating to an “underweight” rating and set a $16.00 price target for the company. in a research note on Monday, February 9th.

Get Our Latest Stock Analysis on Kyndryl

Institutional Investors Weigh In On Kyndryl

Large investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC purchased a new position in shares of Kyndryl in the 4th quarter valued at $29,000. Quarry LP acquired a new stake in Kyndryl during the 4th quarter worth approximately $31,000. Assetmark Inc. grew its position in Kyndryl by 75.3% in the 2nd quarter. Assetmark Inc. now owns 775 shares of the company’s stock valued at $33,000 after buying an additional 333 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Kyndryl by 192.0% during the third quarter. Smartleaf Asset Management LLC now owns 1,171 shares of the company’s stock worth $35,000 after acquiring an additional 770 shares during the period. Finally, NBT Bank N A NY increased its position in Kyndryl by 3,220.0% during the 4th 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 hedge funds and other institutional investors.

Key Headlines Impacting Kyndryl

Here are the key news stories impacting Kyndryl this week:

Kyndryl Stock Down 2.4%

Shares of Kyndryl stock traded down $0.33 during trading on Friday, hitting $13.18. 3,479,210 shares of the stock traded hands, compared to its average volume of 10,021,311. Kyndryl has a 52-week low of $10.10 and a 52-week high of $44.20. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.75. The firm has a market cap of $2.97 billion, a P/E ratio of 12.55 and a beta of 1.92. The stock’s fifty day simple moving average is $20.08 and its 200 day simple moving average is $25.61.

Kyndryl (NYSE:KDGet Free Report) last released its quarterly earnings results on Monday, February 9th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.08). Kyndryl had a return on equity of 25.91% and a net margin of 1.65%.The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The company’s revenue was up .6% on a year-over-year basis. On average, equities analysts predict that Kyndryl will post 0.73 earnings per share for the current fiscal year.

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.

Read More

Analyst Recommendations for Kyndryl (NYSE:KD)

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.