Brokerages Set Kyndryl Holdings, Inc. (NYSE:KD) Target Price at $33.00

Shares of Kyndryl Holdings, Inc. (NYSE:KD) have earned a consensus rating of “Buy” from the five brokerages that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have covered the stock in the last year is $34.60.

Several analysts have issued reports on KD shares. Susquehanna upped their price target on shares of Kyndryl from $33.00 to $40.00 and gave the stock a “positive” rating in a research report on Friday, November 22nd. Bank of America began coverage on shares of Kyndryl in a research note on Friday, November 22nd. They issued a “buy” rating and a $40.00 target price for the company. Finally, Oppenheimer boosted their price target 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 1.0 %

Shares of Kyndryl stock opened at $34.51 on Tuesday. The stock has a market cap of $8.02 billion, a P/E ratio of -88.48, a P/E/G ratio of 8.62 and a beta of 1.86. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65. Kyndryl has a 12-month low of $19.19 and a 12-month high of $36.43. The business’s 50 day moving average is $29.52 and its 200-day moving average is $26.32.

Institutional Trading of Kyndryl

Several hedge funds have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new stake in Kyndryl in the 3rd quarter worth about $29,000. UMB Bank n.a. raised its position in shares of Kyndryl by 44.2% in the third 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 boosted its stake in shares of Kyndryl by 60.2% in the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock valued at $39,000 after buying an additional 554 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Kyndryl during the second quarter worth approximately $39,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Kyndryl by 33.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock worth $44,000 after acquiring an additional 422 shares during the period. 71.53% of the stock is owned by institutional investors and hedge funds.

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.