Kyndryl Holdings, Inc. (NYSE:KD) Receives Average Rating of “Buy” from Analysts

Shares of Kyndryl Holdings, Inc. (NYSE:KD) have earned an average recommendation of “Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $33.00.

A number of equities research analysts have recently commented on KD shares. Oppenheimer lifted their price objective on Kyndryl from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Bank of America began coverage on Kyndryl in a report on Friday, November 22nd. They issued a “buy” rating and a $40.00 price target for the company. Finally, Susquehanna increased their price objective on shares of Kyndryl from $33.00 to $40.00 and gave the stock a “positive” rating in a report on Friday, November 22nd.

Institutional Trading of Kyndryl

Institutional investors have recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp grew its stake in Kyndryl by 22.5% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 104,216 shares of the company’s stock worth $2,246,000 after buying an additional 19,156 shares during the period. Vanguard Group Inc. boosted its position in Kyndryl by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 25,913,034 shares of the company’s stock worth $563,868,000 after purchasing an additional 81,826 shares during the period. Acadian Asset Management LLC acquired a new stake in Kyndryl in the 1st quarter valued at $26,000. Price T Rowe Associates Inc. MD raised its position in Kyndryl by 5.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 129,703 shares of the company’s stock valued at $2,823,000 after purchasing an additional 6,959 shares during the period. Finally, Bayesian Capital Management LP acquired a new position in shares of Kyndryl during the first quarter worth about $269,000. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Trading Up 1.5 %

Shares of KD opened at $34.82 on Friday. Kyndryl has a fifty-two week low of $17.64 and a fifty-two week high of $34.95. The company has a market capitalization of $8.09 billion, a PE ratio of -89.28, a price-to-earnings-growth ratio of 8.17 and a beta of 1.63. The stock has a fifty day moving average of $25.66 and a two-hundred day moving average of $25.41. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03.

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.