Morgan Stanley raised the price target for the WK Kellogg Co (NYSE:KLG) stock to “an Equal-weight”. The rating was released on December 14, 2023, according to finviz. The research report from Barclays has initiated the stock to Underweight, with a price target set at $11. The stock was initiated by JP Morgan, who disclosed in a research note on November 02, 2023, to Neutral and set the price objective to $11. In their research brief published October 18, 2023, TD Cowen analysts initiated the WK Kellogg Co stock to Market Perform with a price target of $11.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 1.43% within the last five trades and 22.09% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 115.43% in the last 6 months and 66.30% was added to its value over the previous 3 months. KLG stock is trading at a margin of 6.14%, 25.81% and 54.94% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, KLG deals in the Consumer Defensive domain. The stock is trading -3.89 percent below its 52-week high and 119.78 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 88.04. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does WK Kellogg Co’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $1.82 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 14.14. The firm managed a Price-to-Book ratio of 6.07, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 24.28 percent of WK Kellogg Co shares are owned by insiders, and 62.69 percent are held by financial institutions. MURGUIA RAMON, the Director at WK Kellogg Co (KLG) has bought 1,000 shares of firm on Feb 28 ’24 at a price of $14.64 against the total amount of $14640.0. In another inside trade, Brice Sherry, Chief Supply Chain Officer of WK Kellogg Co (NYSE:KLG) bought 3,150 shares of the firm on Nov 22 ’23 for a total worth of $37019.0 at a price of $11.75. An inside trade which took place on Nov 14 ’23, Chief Supply Chain Officer of WK Kellogg Co Brice Sherry bought 5,580 shares of firm against total price of $60077.0 at the cost of $10.77 per share.
