Kyndryl Holdings, Inc. (NYSE:KD) Receives $33.00 Average Price Target from Analysts

Shares of Kyndryl Holdings, Inc. (NYSE:KD) have received a consensus recommendation of “Buy” from the five research firms that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have covered the stock in the last year is $34.60.

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

Kyndryl Trading Up 0.2 %

KD opened at $34.18 on Tuesday. Kyndryl has a 52-week low of $19.19 and a 52-week high of $36.43. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of $7.94 billion, a P/E ratio of -87.64, a P/E/G ratio of 8.62 and a beta of 1.86. The firm’s 50 day moving average is $29.13 and its 200-day moving average is $26.21.

Institutional Trading of Kyndryl

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its stake in Kyndryl by 35.1% in the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company’s stock valued at $138,728,000 after purchasing an additional 1,569,260 shares during the period. Geode Capital Management LLC grew its stake in shares of Kyndryl by 1.7% during the third quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock worth $88,908,000 after buying an additional 63,997 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of Kyndryl by 62.6% during the third quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock valued at $74,894,000 after purchasing an additional 1,254,208 shares in the last quarter. Renaissance Technologies LLC increased its position in Kyndryl by 32.3% in the 2nd quarter. Renaissance Technologies LLC now owns 2,765,800 shares of the company’s stock valued at $72,768,000 after acquiring an additional 675,800 shares during the period. Finally, Zimmer Partners LP lifted its holdings in Kyndryl by 1.9% during the 3rd quarter. Zimmer Partners LP now owns 2,723,895 shares of the company’s stock worth $62,595,000 after buying an additional 49,738 shares during the period. Institutional investors own 71.53% of the company’s stock.

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.