Kyndryl Holdings, Inc. (NYSE:KD) Receives $25.60 Consensus PT from Analysts

Shares of Kyndryl Holdings, Inc. (NYSE:KDGet Free Report) have been given a consensus recommendation of “Reduce” by the eight research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $25.60.

A number of equities research analysts have recently issued reports on the company. Oppenheimer reiterated a “market perform” rating on shares of Kyndryl in a research note on Monday, February 9th. Susquehanna lowered their target price on shares of Kyndryl from $35.00 to $16.00 and set a “positive” rating on the stock in a report on Friday, February 13th. Morgan Stanley dropped their price target on shares of Kyndryl from $28.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 24th. Scotiabank initiated coverage on shares of Kyndryl in a research note on Tuesday, January 27th. They issued an “outperform” rating for the company. Finally, Zacks Research downgraded shares of Kyndryl from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th.

Get Our Latest Stock Report on KD

Hedge Funds Weigh In On Kyndryl

A number of hedge funds and other institutional investors have recently bought and sold shares of KD. Los Angeles Capital Management LLC acquired a new position in shares of Kyndryl in the fourth quarter valued at approximately $29,000. Quarry LP acquired a new stake in Kyndryl during the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC boosted its stake in Kyndryl by 192.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,171 shares of the company’s stock valued at $35,000 after purchasing an additional 770 shares during the period. NBT Bank N A NY boosted its stake in Kyndryl by 3,220.0% in the 4th quarter. NBT Bank N A NY now owns 1,328 shares of the company’s stock valued at $35,000 after purchasing an additional 1,288 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Kyndryl by 4,475.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,464 shares of the company’s stock valued at $39,000 after buying an additional 1,432 shares in the last quarter. Institutional investors own 71.53% of the company’s stock.

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Kyndryl Price Performance

NYSE:KD opened at $12.39 on Wednesday. Kyndryl has a 52-week low of $10.10 and a 52-week high of $44.20. The company has a market cap of $2.79 billion, a P/E ratio of 11.80 and a beta of 1.93. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.86 and a current ratio of 0.86. The stock’s 50-day simple moving average is $15.83 and its 200 day simple moving average is $23.51.

Kyndryl (NYSE:KDGet Free Report) last issued 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). The company 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 business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the company posted $0.51 earnings per share. As a group, sell-side analysts forecast that Kyndryl will post 0.73 EPS 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.

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Analyst Recommendations for Kyndryl (NYSE:KD)

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