Kenvue, Inc. (KVUE) Receives a Hold from RBC Capital

RBC Capital analyst Nik Modi maintained a Hold rating on Kenvue, Inc. today and set a price target of $21.00.

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Modi covers the Consumer Defensive sector, focusing on stocks such as Kimberly Clark, Primo Brands, and Colgate-Palmolive. According to TipRanks, Modi has an average return of -4.6% and a 41.20% success rate on recommended stocks.

In addition to RBC Capital, Kenvue, Inc. also received a Hold from Barclays’s Lauren Lieberman in a report issued on January 20. However, on January 17, TipRanks – Google reiterated a Buy rating on Kenvue, Inc. (NYSE: KVUE).

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.