Kellanova Co [NYSE: K] loss -0.29% or -0.24 points to close at $81.19 with a heavy trading volume of 3116421 shares.
The daily chart for K points out that the company has recorded 42.31% gains over the past six months.
If we look at the average trading volume of 1.94M shares, K reached to a volume of 3116421 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $81.62 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 3.00. 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.
Exane BNP Paribas have made an estimate for Kellanova Co shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 01, 2024. The new note on the price target was released on October 02, 2024, representing the official price target for Kellanova Co stock. Previously, the target price had yet another raise from $80 to $83.50, while DA Davidson kept a Neutral rating on K stock.
The Average True Range (ATR) for Kellanova Co is set at 0.30, with the Price to Sales ratio for K stock in the period of the last 12 months amounting to 2.19. The Price to Book ratio for the last quarter was 7.65, with the Price to Cash per share for the same quarter was set at 1.65. Price to Free Cash Flow for K in the course of the last twelve months was 30.19 with Quick ratio for the last quarter at 0.53.
Trading performance analysis for K stock
Kellanova Co [K] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.20. With this latest performance, K shares gained by 0.59% in over the last four-week period, additionally plugging by 42.31% over the last 6 months – not to mention a rise of 46.50% 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 54.10, with the RSI for the last a single of trading hit 51.53, and the three-weeks RSI is set at 55.37 for Kellanova Co [K]. The present Moving Average for the last 50 days of trading for this stock 80.90, while it was recorded at 81.44 for the last single week of trading, and 70.87 for the last 200 days.
Kellanova Co [K]: A deeper dive into fundamental analysis
Kellanova Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.53 and a Current Ratio set at 0.77.
Kellanova Co [K]: An earnings per share (EPS) analysis
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 8.36%.
An analysis of Institutional ownership at Kellanova Co [K]
There are presently around $82.70%, or 83.36%% 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%.
