Kellanova (K) Receives a Hold from Argus Research
In a report released yesterday, Taylor Conrad from Argus Research maintained a Hold rating on Kellanova. The company’s shares closed yesterday at $83.49.
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According to TipRanks, Conrad is a 3-star analyst with an average return of 7.3% and a 54.41% success rate. Conrad covers the Consumer Defensive sector, focusing on stocks such as The Hershey Company, JM Smucker, and Kellanova.
The word on The Street in general, suggests a Hold analyst consensus rating for Kellanova with a $83.40 average price target.
Based on Kellanova’s latest earnings release for the quarter ending June 28, the company reported a quarterly revenue of $3.2 billion and a net profit of $299 million. In comparison, last year the company earned a revenue of $3.19 billion and had a net profit of $344 million
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