In recent trading session, Kenvue Inc (NYSE:KVUE) saw 1.56 million shares changing hands at last check today with its beta currently measuring 1.19. Company’s recent per share price level of $21.45 trading at -$0.12 or -0.58% at last check today assigns it a market valuation of $41.07B. That most recent trading price of KVUE’s stock is at a discount of -12.35% from its 52-week high price of $24.10 and is indicating a premium of 17.62% from its 52-week low price of $17.67. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 21.19 million shares which gives us an average trading volume of 20.97 million if we extend that period to 3-months.
For Kenvue Inc (KVUE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.33. Splitting up the data highlights that, out of 6 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.28 in the current quarter.
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Kenvue Inc (NYSE:KVUE) trade information
Upright in the red during last session for losing -0.58%, in the last five days KVUE remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $21.45 price level, adding 0.79% to its value on the day. Kenvue Inc’s shares saw a change of -0.39% in year-to-date performance and have moved 2.02% in past 5-day. Kenvue Inc (NYSE:KVUE) showed a performance of 17.06% in past 30-days. Number of shares sold short was 30.25 million shares which calculate 1.85 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 20.5 to the stock, which implies a fall of -4.63% to its recent value today. Analysts have been projecting 18 as a low price target for the stock while placing it at a high target of 29. It follows that stock’s current price would jump 16.08% in reaching the projected high whereas dropping to the targeted low would mean a gain of 16.08% for stock’s current value.
Kenvue Inc (KVUE) estimates and forecasts
Statistics highlight that Kenvue Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 12.57% of value to its shares in past 6 months, showing an annual growth rate of -16.28% while that of industry is 4.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 1.60% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 3.96B for the same. And 11 analysts are in estimates of company making revenue of 3.84B in the next quarter. Company posted 3.92B and 3.67B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 3.41% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -11.39% while estimates for its earnings growth in next 5 years are of 1.47%.
Kenvue Inc (NYSE:KVUE)’s Major holders
Insiders are in possession of 0.02% of company’s total shares while institution are holding 99.04 percent of that, with stock having share float percentage of 99.06%. Investors also watch the number of corporate investors in a company very closely, which is 99.04% institutions for Kenvue Inc that are currently holding shares of the company. JOHNSON & JOHNSON is the top institutional holder at KVUE for having 182.33 million shares of worth $3.91 billion. And as of 2024-03-31, it was holding 9.5211 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 166.79 million shares on 2024-03-31. The number of shares represents firm’s hold over 8.7096 of outstanding shares, having a total worth of $3.58 billion.
