RBC Capital Sticks to Their 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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According to TipRanks, Modi is an analyst with an average return of -4.8% and a 42.00% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Kimberly Clark, Primo Brands, and Colgate-Palmolive.

Currently, the analyst consensus on Kenvue, Inc. is a Hold with an average price target of $18.86.

Based on Kenvue, Inc.’s latest earnings release for the quarter ending September 28, the company reported a quarterly revenue of $3.76 billion and a net profit of $398 million. In comparison, last year the company earned a revenue of $3.9 billion and had a net profit of $383 million

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KVUE in relation to earlier this year. Last month, Jeffrey C. Smith, a Director at KVUE bought 6,377,694.00 shares for a total of $110,971,206.42.