Kenvue Inc [KVUE] stock prices are down -1.44% to $22.64 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The KVUE shares have gain 4.24% over the last week, with a monthly amount drifted -2.12%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Kenvue Inc [NYSE: KVUE] stock has seen the most recent analyst activity on September 24, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $27. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on September 24, 2024, and kept the price target unchanged to $24. Bernstein started tracking the stock assigning a Underperform rating and suggested a price target of $18 on April 11, 2024. William Blair initiated its recommendation with a Mkt Perform. In a note dated November 17, 2023, Piper Sandler initiated an Neutral rating and provided a target price of $20 on this stock.
The stock price of Kenvue Inc [KVUE] has been fluctuating between $17.67 and $23.55 over the past year. Currently, Wall Street analysts expect the stock to reach $22.2 within the next 12 months. Kenvue Inc [NYSE: KVUE] shares were valued at $22.64 at the most recent close of the market. An investor can expect a potential drop of -1.94% based on the average KVUE price forecast.
Analyzing the KVUE fundamentals
The Kenvue Inc [NYSE:KVUE] reported sales of 15.47B for trailing twelve months, representing a drop of -0.30%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.1 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.84.
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 22.51 points at the first support level, and at 22.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.90, and for the 2nd resistance point, it is at 23.15.
Ratios To Look Out For
It’s worth pointing out that Kenvue Inc [NYSE:KVUE]’s Current Ratio is 0.99. On the other hand, the Quick Ratio is 0.68, and the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 2.80, the price to book ratio is 4.26 and price to earnings (TTM) ratio is 38.77.
