Kyndryl Holdings, Inc. (NYSE:KD) Given Average Rating of “Buy” by Brokerages

Kyndryl Holdings, Inc. (NYSE:KD) has earned a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have covered the stock in the last year is $33.00.

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

Kyndryl Stock Up 1.0 %

KD stock opened at $35.68 on Tuesday. 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 business has a 50 day moving average of $28.71 and a 200 day moving average of $26.09. Kyndryl has a twelve month low of $18.81 and a twelve month high of $36.43. The firm has a market cap of $8.29 billion, a PE ratio of -91.49, a price-to-earnings-growth ratio of 8.62 and a beta of 1.86.

Institutional Trading of Kyndryl

Large investors have recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Kyndryl by 35.1% in the third quarter. FMR LLC now owns 6,036,908 shares of the company’s stock worth $138,728,000 after acquiring an additional 1,569,260 shares during the period. Westfield Capital Management Co. LP boosted its position in Kyndryl by 62.6% in the third quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock worth $74,894,000 after purchasing an additional 1,254,208 shares during the last quarter. Cinctive Capital Management LP bought a new stake in shares of Kyndryl during the 3rd quarter valued at about $20,213,000. Great Lakes Advisors LLC purchased a new stake in shares of Kyndryl during the 2nd quarter valued at about $19,996,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Kyndryl by 32.3% in the 2nd quarter. Renaissance Technologies LLC now owns 2,765,800 shares of the company’s stock worth $72,768,000 after purchasing an additional 675,800 shares during the period. 71.53% of the stock is currently owned by institutional investors.

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.