Kyndryl Holdings, Inc. (NYSE:KD) Given Consensus Recommendation of "Buy" by Brokerages

Kyndryl Holdings, Inc. (NYSE:KD - Get Free Report) has been assigned a consensus rating of "Buy" from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $33.00.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in shares of Kyndryl by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company's stock worth $88,908,000 after acquiring an additional 63,997 shares in the last quarter. Barclays PLC lifted its holdings in Kyndryl by 49.2% in the 3rd quarter. Barclays PLC now owns 255,958 shares of the company's stock worth $5,882,000 after purchasing an additional 84,347 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Kyndryl by 2.6% during the third quarter. Public Employees Retirement System of Ohio now owns 91,839 shares of the company's stock worth $2,110,000 after purchasing an additional 2,347 shares during the period. Zimmer Partners LP grew its holdings in Kyndryl by 1.9% during the third quarter. Zimmer Partners LP now owns 2,723,895 shares of the company's stock valued at $62,595,000 after purchasing an additional 49,738 shares during the last quarter. Finally, National Bank of Canada FI raised its position in shares of Kyndryl by 33.7% in the third quarter. National Bank of Canada FI now owns 656,901 shares of the company's stock valued at $15,096,000 after purchasing an additional 165,481 shares during the period. Institutional investors own 71.53% of the company's stock.

Kyndryl Trading Up 1.9 %

KD traded up $0.62 during trading on Friday, reaching $33.11. The company had a trading volume of 4,051,742 shares, compared to its average volume of 1,736,959. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03. Kyndryl has a 12-month low of $17.64 and a 12-month high of $33.62. The company has a market cap of $7.69 billion, a price-to-earnings ratio of -83.28, a PEG ratio of 6.76 and a beta of 1.63. The firm's 50-day simple moving average is $24.78 and its 200 day simple moving average is $25.14.

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.