A share price of Kellanova Co [K] is currently trading at $57.61, down -0.60%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The K shares have gain 2.29% over the last week, with a monthly amount drifted -0.19%, 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 experienced fluctuations in its stock price throughout the past year between $47.62 and $64.02. Currently, Wall Street analysts expect the stock to reach $69.82 within the next 12 months. Kellanova Co [NYSE: K] shares were valued at $57.61 at the most recent close of the market. An investor can expect a potential return of 21.19% based on the average K price forecast.
Analyzing the K fundamentals
Trailing Twelve Months sales for Kellanova Co [NYSE:K] were 14.35B which represents -21.05% decline. 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 0.26 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.09.
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 57.37 points at the first support level, and at 57.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.88, and for the 2nd resistance point, it is at 58.16.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Kellanova Co [NYSE:K] is 0.62. As well, the Quick Ratio is 0.41, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.37, the price to book ratio is 6.23 and price to earnings (TTM) ratio is 21.58.
Transactions by insiders
Recent insider trading involved KELLOGG W K FOUNDATION TRUST, 10% Owner, that happened on Jul 22 ’24 when 77800.0 shares were sold. 10% Owner, KELLOGG W K FOUNDATION TRUST completed a deal on Jul 15 ’24 to sell 77800.0 shares. Meanwhile, 10% Owner KELLOGG W K FOUNDATION TRUST sold 77800.0 shares on Jul 08 ’24.
