A share price of Kenvue Inc [KVUE] is currently trading at $18.79, up 3.98%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The KVUE shares have gain 2.73% over the last week, with a monthly amount drifted -8.79%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Bernstein started tracking the stock with Underperform rating on April 11, 2024, and set its price target to $18. On April 03, 2024, William Blair initiated with a Mkt Perform rating. Piper Sandler initiated its recommendation with a Neutral and recommended $20 as its price target on November 17, 2023. Deutsche Bank upgraded its rating to Buy for this stock on September 11, 2023, but kept the price target unchanged to $27. In a note dated September 07, 2023, Canaccord Genuity initiated an Buy rating and provided a target price of $28 on this stock.
Kenvue Inc experienced fluctuations in its stock price throughout the past year between $17.75 and $26.74. Currently, Wall Street analysts expect the stock to reach $22 within the next 12 months. Kenvue Inc [NYSE: KVUE] shares were valued at $18.79 at the most recent close of the market. An investor can expect a potential return of 17.08% based on the average KVUE price forecast.
Analyzing the KVUE fundamentals
Trailing Twelve Months sales for Kenvue Inc [NYSE:KVUE] were 15.49B which represents 1.12% growth. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.14 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.81.
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 18.23 points at the first support level, and at 17.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.09, and for the 2nd resistance point, it is at 19.38.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Kenvue Inc [NYSE:KVUE] is 0.99. Also, the Quick Ratio is 0.68, while the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 2.32, the price to book ratio is 3.39 and price to earnings (TTM) ratio is 24.15.
Transactions by insiders
Recent insider trading involved ALLISON RICHARD E JR, Director, that happened on Aug 30 ’23 when 5598.0 shares were purchased.
