Kyndryl Holdings, Inc. (NYSE:KD) Receives Average Recommendation of “Reduce” from Brokerages

Kyndryl Holdings, Inc. (NYSE:KDGet Free Report) has received a consensus recommendation of “Reduce” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $16.50.

A number of analysts have recently commented on the stock. Weiss Ratings lowered shares of Kyndryl from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. Zacks Research downgraded shares of Kyndryl from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th. Susquehanna cut shares of Kyndryl from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $16.00 to $13.00 in a report on Thursday, May 21st. BMO Capital Markets reaffirmed a “market perform” rating and issued a $16.00 target price on shares of Kyndryl in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kyndryl from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Monday, August 10th.

Check Out Our Latest Research Report on KD

Institutional Trading of Kyndryl

Several large investors have recently modified their holdings of the company. Royal Bank of Canada increased its position in Kyndryl by 50.2% during the first quarter. Royal Bank of Canada now owns 148,178 shares of the company’s stock valued at $4,653,000 after acquiring an additional 49,504 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Kyndryl by 15.8% in the first quarter. Integrated Wealth Concepts LLC now owns 8,025 shares of the company’s stock valued at $252,000 after acquiring an additional 1,093 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Kyndryl by 1.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 733,068 shares of the company’s stock worth $23,018,000 after purchasing an additional 11,177 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Kyndryl by 116.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,616 shares of the company’s stock worth $110,000 after purchasing an additional 1,410 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Kyndryl by 29.8% during the 2nd quarter. First Trust Advisors LP now owns 408,123 shares of the company’s stock valued at $17,125,000 after purchasing an additional 93,726 shares during the period. Institutional investors own 71.53% of the company’s stock.

Kyndryl Price Performance

NYSE KD opened at $12.58 on Friday. Kyndryl has a one year low of $10.10 and a one year high of $33.90. The stock has a 50-day moving average of $12.37 and a 200 day moving average of $12.87. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 34.00 and a beta of 1.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.85.

Kyndryl (NYSE:KDGet Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.64 billion. Kyndryl had a return on equity of 12.24% and a net margin of 0.58%.Kyndryl’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 EPS. On average, sell-side analysts forecast that Kyndryl will post 1.36 EPS for the current year.

Kyndryl Company Profile

(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.

Recommended Stories

Analyst Recommendations for Kyndryl (NYSE:KD)

Receive News & Ratings for Kyndryl Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kyndryl and related companies with MarketBeat.com's FREE daily email newsletter.