Kyndryl (NYSE:KD) Price Target Raised to $46.00 at Susquehanna

Kyndryl (NYSE:KD) had its price target boosted by Susquehanna from $40.00 to $46.00 in a research note released on Wednesday,Benzinga reports. Susquehanna currently has a positive rating on the stock.

Several other research firms have also recently commented on KD. Bank of America started coverage on shares of Kyndryl in a research report on Friday, November 22nd. They issued a “buy” rating and a $40.00 price objective on the stock. Oppenheimer upped their price objective on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday.

Kyndryl Price Performance

NYSE KD opened at $43.40 on Wednesday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of -111.27, a PEG ratio of 11.00 and a beta of 1.86. The business has a 50 day simple moving average of $36.57 and a 200 day simple moving average of $28.93. Kyndryl has a 52-week low of $19.24 and a 52-week high of $43.61.

Institutional Investors Weigh In On Kyndryl

Hedge funds have recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in Kyndryl in the fourth quarter valued at approximately $515,000. Oppenheimer & Co. Inc. bought a new stake in Kyndryl in the 4th quarter valued at $294,000. Oregon Public Employees Retirement Fund lifted its holdings in Kyndryl by 0.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 47,226 shares of the company’s stock valued at $1,634,000 after purchasing an additional 428 shares during the last quarter. IFP Advisors Inc boosted its position in Kyndryl by 56.4% during the fourth quarter. IFP Advisors Inc now owns 2,457 shares of the company’s stock worth $85,000 after purchasing an additional 886 shares during the period. Finally, Cohen Capital Management Inc. bought a new position in Kyndryl during the fourth quarter worth $256,000. 71.53% of the stock is currently owned by institutional investors and hedge funds.

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.