Analysts Set Kyndryl Holdings, Inc. (NYSE:KD) PT at $25.60

Kyndryl Holdings, Inc. (NYSE:KDGet Free Report) has been assigned a consensus rating of “Reduce” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $25.60.

Several analysts have issued reports on the stock. Susquehanna cut their price target on shares of Kyndryl from $35.00 to $16.00 and set a “positive” rating for the company in a research report on Friday, February 13th. JPMorgan Chase & Co. downgraded Kyndryl from an “overweight” rating to an “underweight” rating and set a $16.00 price objective on the stock. in a report on Monday, February 9th. Zacks Research lowered Kyndryl from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Morgan Stanley dropped their target price on Kyndryl from $28.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Scotiabank started coverage on Kyndryl in a research report on Tuesday, January 27th. They set an “outperform” rating on the stock.

Check Out Our Latest Analysis on Kyndryl

Kyndryl Trading Down 3.4%

KD stock opened at $12.39 on Wednesday. The company has a market capitalization of $2.79 billion, a PE ratio of 11.80 and a beta of 1.92. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.86 and a current ratio of 0.86. Kyndryl has a one year low of $10.10 and a one year high of $44.20. The company’s 50 day moving average price is $15.83 and its two-hundred day moving average price is $23.64.

Kyndryl (NYSE:KDGet Free Report) last announced its quarterly earnings data on Monday, February 9th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08). The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Kyndryl had a net margin of 1.65% and a return on equity of 25.91%. Kyndryl’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 EPS. As a group, analysts predict that Kyndryl will post 0.73 earnings per share for the current fiscal year.

Kyndryl News Roundup

Here are the key news stories impacting Kyndryl this week:

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Kyndryl by 6.1% in the third quarter. Vanguard Group Inc. now owns 28,186,677 shares of the company’s stock valued at $846,446,000 after acquiring an additional 1,619,048 shares during the period. ING Groep NV bought a new position in shares of Kyndryl during the third quarter valued at about $9,188,000. Arnhold LLC boosted its holdings in shares of Kyndryl by 19.5% during the third quarter. Arnhold LLC now owns 1,010,671 shares of the company’s stock worth $30,350,000 after purchasing an additional 164,856 shares during the period. Penserra Capital Management LLC grew its stake in shares of Kyndryl by 21.1% in the third quarter. Penserra Capital Management LLC now owns 315,439 shares of the company’s stock worth $9,472,000 after purchasing an additional 54,945 shares during the last quarter. Finally, Sound Shore Management Inc CT bought a new stake in shares of Kyndryl in the third quarter worth about $61,113,000. Institutional investors own 71.53% of the company’s stock.

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.

Further Reading

Analyst Recommendations for Kyndryl (NYSE:KD)

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