Kellanova Co [NYSE: K] slipped around -0.17 points on Wednesday, while shares priced at $80.62 at the close of the session, down -0.21%.
Compared to the average trading volume of 3.70M shares, K reached a trading volume of 3944269 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Kellanova Co [K]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for K shares is $79.18 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on K stock is a recommendation set at 2.75. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
DA Davidson have made an estimate for Kellanova Co shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 26, 2024. The new note on the price target was released on August 15, 2024, representing the official price target for Kellanova Co stock. Previously, the target price had yet another raise to $75, while Goldman analysts kept a Neutral rating on K stock. On August 05, 2024, analysts increased their price target for K shares from 62 to 76.
The Average True Range (ATR) for Kellanova Co is set at 1.22, with the Price to Sales ratio for K stock in the period of the last 12 months amounting to 2.05. The Price to Book ratio for the last quarter was 8.34, with the Price to Cash per share for the same quarter was set at 0.79. Price to Free Cash Flow for K in the course of the last twelve months was 25.07 with Quick ratio for the last quarter at 0.48.
How has K stock performed recently?
Kellanova Co [K] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.04. With this latest performance, K shares gained by 40.09% in over the last four-week period, additionally plugging by 43.68% over the last 6 months – not to mention a rise of 40.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for K stock in for the last two-week period is set at 86.71, with the RSI for the last a single of trading hit 88.35, and the three-weeks RSI is set at 83.67 for Kellanova Co [K]. The present Moving Average for the last 50 days of trading for this stock 64.96, while it was recorded at 80.68 for the last single week of trading, and 58.40 for the last 200 days.
Kellanova Co [K]: Deeper insight into the fundamentals
Kellanova Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.48 and a Current Ratio set at 0.73.
Earnings analysis for Kellanova Co [K]
With the latest financial reports released by the company, Kellanova Co posted 0.16/share EPS, while the average EPS was predicted by analysts to be reported at 0.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for K. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Kellanova Co go to 8.64%.
Insider trade positions for Kellanova Co [K]
There are presently around $87.78%, or 88.61%% of K stock, in the hands of institutional investors. The top three institutional holders of K stocks are: KELLOGG W K FOUNDATION TRUST with ownership of 51.22 million shares, which is approximately 15.0205%. VANGUARD GROUP INC, holding 31.64 million shares of the stock with an approximate value of $$1.82 billion in K stocks shares; and VANGUARD GROUP INC, currently with $$1.64 billion in K stock with ownership which is approximately 8.3579%.
