Stifel Nicolaus Remains a Hold on WK Kellogg Co (KLG)
Stifel Nicolaus analyst Matthew Smith, CFA maintained a Hold rating on WK Kellogg Co today and set a price target of $23.00. The company’s shares closed last Friday at $23.07.
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Smith, CFA covers the Consumer Defensive sector, focusing on stocks such as Post Holdings, Philip Morris, and Celsius Holdings. According to TipRanks, Smith, CFA has an average return of 10.4% and a 53.13% success rate on recommended stocks.
Currently, the analyst consensus on WK Kellogg Co is a Hold with an average price target of $23.07, which is a 0.00% upside from current levels. In a report released on August 7, Jefferies also reiterated a Hold rating on the stock with a $23.00 price target.
Based on WK Kellogg Co’s latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $663 million and a net profit of $18 million. In comparison, last year the company earned a revenue of $707 million and had a net profit of $33 million
