The price of Kenvue Inc (NYSE:KVUE) shares last traded on Wall Street fell -0.34% to $20.62.
Based on available information, 15 analysts follow Kenvue Inc (NYSE:KVUE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $27.00 and a low of $20.00, we find $24.50. Given the previous closing price of $20.69, this indicates a potential upside of 18.41 percent. KVUE stock price is now 4.62% away from the 50-day moving average and -9.89% away from the 200-day moving average. The market capitalization of the company currently stands at $39.49B.
Among analysts, 6 rate the stock a hold while 7 rate it a buy. Brokers who have rated the stock have averaged $23.67 as their price target over the next twelve months.
With the price target of $20, Piper Sandler recently initiated with Neutral rating for Kenvue Inc (NYSE: KVUE).
In other news, ALLISON RICHARD E JR, Director bought 5,598 shares of the company’s stock on Aug 30. The stock was bought for $128,524 at an average price of $22.96. Upon completion of the transaction, the Director now directly owns 25,598 shares in the company, valued at $0.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 11, Director ALLISON RICHARD E JR bought 20,000 shares of the business’s stock. A total of $525,232 was incurred on buying the stock at an average price of $26.26. This leaves the insider owning 20,000 shares of the company worth $0.41 million. Insiders disposed of 1,533,830,450 shares of company stock worth roughly $31.63 billion over the past 1 year. A total of 9.65% of the company’s stock is owned by insiders.
A candlestick chart of Kenvue Inc (NYSE: KVUE) showed a price of $20.62 on Monday morning. During the past 12 months, Kenvue Inc has had a low of $17.82 and a high of $27.80. As of last week, the company has a debt-to-equity ratio of 0.77, a current ratio of 1.14, and a quick ratio of 0.78. The fifty day moving average price for KVUE is $19.71 and a two-hundred day moving average price translates $22.88 for the stock.
The latest earnings results from Kenvue Inc (NYSE: KVUE) was released for Sep, 2023. According to the Household & Personal Products Company, earnings per share came in at $0.31, inline with analysts’ expectations of $0.31. This compares to $0.34 EPS in the same period last year. The company reported revenue of $3.92 billion for the quarter, compared to $3.79 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.33 percent. For the current quarter, analysts expect KVUE to generate $3.8B in revenue.
