At the time of writing, Kellanova Co [K] stock is trading at $80.96, up 0.05%. 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 lost -0.12% over the last week, with a monthly amount glided 0.36%, and 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 October 02, 2024, when Argus downgraded its rating to a Hold. Previously, DA Davidson downgraded its rating to Neutral on August 26, 2024, and elevated its price target to $83.50. On August 15, 2024, downgrade downgraded it’s rating to Sector Perform. Goldman started tracking the stock assigning a Neutral rating and suggested a price target of $75 on August 12, 2024. RBC Capital Mkts upgraded its rating to a Outperform and raised its price target to $76 on August 05, 2024. Exane BNP Paribas upgraded its rating to Outperform for this stock on August 05, 2024, but kept the price target unchanged to $74. In a note dated August 02, 2024, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $62 to $70.
For the past year, the stock price of Kellanova Co fluctuated between $49.28 and $81.26. Currently, Wall Street analysts expect the stock to reach $74.03 within the next 12 months. Kellanova Co [NYSE: K] shares were valued at $80.96 at the most recent close of the market. An investor can expect a potential drop of -8.56% based on the average K price forecast.
Analyzing the K fundamentals
According to Kellanova Co [NYSE:K], the company’s sales were 13.51B for trailing twelve months, which represents an -21.01% plunge. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.27 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.81.
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 80.83 points at the first support level, and at 80.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 81.04, and for the 2nd resistance point, it is at 81.12.
Ratios To Look Out For
It is important to note that Kellanova Co [NYSE:K] has a current ratio of 0.73. Also, the Quick Ratio is 0.48, while the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 2.07, the price to book ratio is 8.37 and price to earnings (TTM) ratio is 30.77.
Transactions by insiders
Recent insider trading involved KELLOGG W K FOUNDATION TRUST, 10% Owner, that happened on Oct 21 ’24 when 0.11 million shares were sold. 10% Owner, KELLOGG W K FOUNDATION TRUST completed a deal on Oct 14 ’24 to sell 0.11 million shares. Meanwhile, 10% Owner KELLOGG W K FOUNDATION TRUST sold 0.11 million shares on Oct 07 ’24.
