Kyndryl Holdings, Inc. (NYSE:KD) Receives $29.40 Average PT from Analysts

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

Several research firms have weighed in on KD. Bank of America initiated coverage on shares of Kyndryl in a research report on Friday. They issued a “buy” rating and a $40.00 price target on the stock. Susquehanna lifted their target price on Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a research report on Friday. Finally, Oppenheimer upped their price target on Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday.

Kyndryl Price Performance

NYSE KD opened at $33.05 on Friday. The company has a 50-day moving average price of $24.99 and a 200-day moving average price of $25.25. Kyndryl has a 52 week low of $17.64 and a 52 week high of $33.62. 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 $7.68 billion, a P/E ratio of -84.74, a PEG ratio of 7.83 and a beta of 1.63.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new stake in shares of Kyndryl in the first quarter worth about $26,000. ORG Wealth Partners LLC bought a new position in Kyndryl during the third quarter valued at approximately $29,000. UMB Bank n.a. grew its holdings in Kyndryl by 44.2% during the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock valued at $35,000 after buying an additional 462 shares in the last quarter. Headlands Technologies LLC grew its holdings in Kyndryl by 60.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock valued at $39,000 after buying an additional 554 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Kyndryl in the 2nd quarter worth approximately $39,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

About Kyndryl

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.