RBC Capital Sticks to Its Hold Rating for Kenvue, Inc. (KVUE)

In a report released yesterday, Nik Modi from RBC Capital maintained a Hold rating on Kenvue, Inc., with a price target of $21.00.

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Modi covers the Consumer Defensive sector, focusing on stocks such as Church & Dwight, Constellation Brands, and Procter & Gamble. According to TipRanks, Modi has an average return of -0.8% and a 50.40% success rate on recommended stocks.

Currently, the analyst consensus on Kenvue, Inc. is a Hold with an average price target of $18.80.

Based on Kenvue, Inc.’s latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $3.91 billion and a net profit of $474 million. In comparison, last year the company earned a revenue of $3.74 billion and had a net profit of $322 million

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KVUE in relation to earlier this year. Last month, Heather Howlett, the CFO & CAO of KVUE sold 3,700.00 shares for a total of $66,970.00.