Kellanova Co [K] stock is trading at $55.20, up 0.79%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The K shares have gain 2.51% over the last week, with a monthly amount drifted -0.49%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Kellanova Co [NYSE: K] stock has seen the most recent analyst activity on March 01, 2024, when DA Davidson initiated its Buy rating and assigned the stock a price target of $67. Previously, Citigroup started tracking the stock with Neutral rating on February 01, 2024, and set its price target to $57. On December 12, 2023, Wells Fargo initiated with a Equal Weight rating and assigned a price target of $56 on the stock. Barclays upgraded its rating to a Equal Weight and decreased its price target to $55 on November 09, 2023. Exane BNP Paribas upgraded its rating to a Neutral but $55 remained the price target by the analyst firm on October 03, 2023. TD Cowen started tracking with a Market Perform rating for this stock on September 13, 2023, and assigned it a price target of $63. In a note dated June 27, 2023, Goldman upgraded an Buy rating on this stock and boosted its target price from $78 to $83.
Kellanova Co [K] stock has fluctuated between $47.62 and $67.84 over the past year. Currently, Wall Street analysts expect the stock to reach $71 within the next 12 months. Kellanova Co [NYSE: K] shares were valued at $55.20 at the most recent close of the market. An investor can expect a potential return of 28.62% based on the average K price forecast.
Analyzing the K fundamentals
Kellanova Co [NYSE:K] reported sales of 15.21B for the trailing twelve months, which represents a drop of -17.19%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.25 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.89.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 54.64 points at the first support level, and at 54.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.58, and for the 2nd resistance point, it is at 55.97.
Kellanova Co [K] reported earnings per share of $0.78 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.74/share, meaning a difference of $0.04 and a surprise factor of 5.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.03 per share as compared to estimates of $0.83 per share, a difference of $0.2 representing a surprise of 24.10%.
Ratios To Look Out For
For context, Kellanova Co’s Current Ratio is 0.66. Also, the Quick Ratio is 0.41, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 1.24, the price to book ratio is 5.92 and price to earnings (TTM) ratio is 20.02.
Transactions by insiders
Recent insider trading involved KELLOGG W K FOUNDATION TRUST, 10% Owner, that happened on Mar 14 ’24 when 77800.0 shares were sold. 10% Owner, KELLOGG W K FOUNDATION TRUST completed a deal on Mar 07 ’24 to sell 77800.0 shares. Meanwhile, 10% Owner KELLOGG W K FOUNDATION TRUST sold 77800.0 shares on Feb 28 ’24.
