Kyndryl Holdings, Inc. (NYSE:KD) Receives $29.40 Consensus Target Price from Analysts

Shares of Kyndryl Holdings, Inc. (NYSE:KD) have been given a consensus rating of “Buy” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have covered the stock in the last year is $33.00.

Several equities analysts recently issued reports on KD shares. Bank of America started coverage on shares of Kyndryl in a research note on Friday, November 22nd. They issued a “buy” rating and a $40.00 target price for the company. Oppenheimer boosted their target price on shares of Kyndryl from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, Susquehanna boosted their target price on shares of Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a research note on Friday, November 22nd.

Institutional Investors Weigh In On Kyndryl

A number of large investors have recently modified their holdings of KD. Acadian Asset Management LLC purchased a new stake in shares of Kyndryl during the first quarter worth $26,000. ORG Wealth Partners LLC purchased a new stake in shares of Kyndryl during the third quarter worth $29,000. UMB Bank n.a. grew its holdings in shares of Kyndryl by 44.2% during the third quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock worth $35,000 after buying an additional 462 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of Kyndryl by 60.2% during the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock worth $39,000 after buying an additional 554 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Kyndryl in the second quarter valued at about $39,000. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Up 1.2 %

KD stock opened at $34.32 on Friday. The firm’s fifty day simple moving average is $25.20 and its 200-day simple moving average is $25.30. The company has a market capitalization of $7.97 billion, a P/E ratio of -86.97, a price-to-earnings-growth ratio of 7.96 and a beta of 1.63. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. Kyndryl has a 12 month low of $17.64 and a 12 month high of $34.37.

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.