Wall Street predicts Kodiak Gas Services Inc (KGS) stock to surge by 21.63%

Kodiak Gas Services Inc [KGS] stock is trading at $26.31, up 4.28%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The KGS shares have gain 1.39% over the last week, with a monthly amount drifted -8.90%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, JP Morgan downgraded its rating to Neutral on March 08, 2024, and kept the price target unchanged to $27. On August 11, 2023, Raymond James reiterated its Outperform rating and revised its price target to $23 on the stock. Truist started tracking the stock assigning a Buy rating and suggested a price target of $24 on July 24, 2023. Stifel initiated its recommendation with a Buy and recommended $22 as its price target on July 24, 2023. RBC Capital Mkts started tracking with a Outperform rating for this stock on July 24, 2023, and assigned it a price target of $25. In a note dated July 24, 2023, JP Morgan initiated an Overweight rating and provided a target price of $24 on this stock.

Kodiak Gas Services Inc [KGS] stock has fluctuated between $16.72 and $29.75 over the past year. Currently, Wall Street analysts expect the stock to reach $32 within the next 12 months. Kodiak Gas Services Inc [NYSE: KGS] shares were valued at $26.31 at the most recent close of the market. An investor can expect a potential return of 21.63% based on the average KGS price forecast.

Analyzing the KGS fundamentals

Kodiak Gas Services Inc [NYSE:KGS] reported sales of 982.11M for the trailing twelve months, which represents a growth of 52.31%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.91.

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 25.87 points at the first support level, and at 25.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.88, and for the 2nd resistance point, it is at 27.44.

Ratios To Look Out For

For context, Kodiak Gas Services Inc’s Current Ratio is 1.05. Further, the Quick Ratio stands at 0.70, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 2.26, the price to book ratio is 1.69 and price to earnings (TTM) ratio is 40.59.

Transactions by insiders

Recent insider trading involved Montana Margaret C, Director, that happened on Aug 16 ’24 when 110.0 shares were purchased. Director, Montana Margaret C completed a deal on Mar 12 ’24 to buy 2000.0 shares.

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