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

Kyndryl Holdings, Inc. (NYSE:KD) has received a consensus rating of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have covered the stock in the last year is $33.00.

A number of research analysts recently weighed in on KD shares. Bank of America began coverage on shares of Kyndryl in a research report on Friday. They set a “buy” rating and a $40.00 price target on the stock. Oppenheimer increased their price objective on shares of Kyndryl from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Susquehanna boosted their target price on Kyndryl from $33.00 to $40.00 and gave the stock a “positive” rating in a research note on Friday.

Hedge Funds Weigh In On Kyndryl

Large investors have recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new position in Kyndryl in the first quarter worth about $26,000. ORG Wealth Partners LLC bought a new stake in shares of Kyndryl during the third quarter valued at approximately $29,000. Headlands Technologies LLC raised its holdings in Kyndryl by 60.2% in the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock worth $39,000 after acquiring an additional 554 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Kyndryl in the 2nd quarter valued at approximately $39,000. Finally, UMB Bank n.a. boosted its stake in Kyndryl by 44.2% during the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock valued at $35,000 after purchasing an additional 462 shares during the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Kyndryl Stock Up 1.7 %

Shares of NYSE:KD opened at $33.05 on Friday. Kyndryl has a 1 year low of $17.64 and a 1 year high of $33.62. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. The business’s 50-day moving average is $24.99 and its 200-day moving average is $25.25. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of -84.74, a P/E/G ratio of 7.83 and a beta of 1.63.

About Kyndryl

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.