Is Kontoor Brands Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 3 Wall Street analysts covering (NYSE: KTB) stock is to Strong Buy KTB stock.
Out of 3 analysts, 2 (66.67%) are recommending KTB as a Strong Buy, 0 (0%) are recommending KTB as a Buy, 1 (33.33%) are recommending KTB as a Hold, 0 (0%) are recommending KTB as a Sell, and 0 (0%) are recommending KTB as a Strong Sell.
What is KTB's forecast return on equity (ROE) for 2023-2023?
(NYSE: KTB) forecast ROE is 80.39%, which is considered strong.
What is KTB's Price Target?
According to 3 Wall Street analysts that have issued a 1 year KTB price target, the average KTB price target is $58.33, with the highest KTB stock price forecast at $65.00 and the lowest KTB stock price forecast at $47.00.
On average, Wall Street analysts predict that Kontoor Brands's share price could reach $58.33 by Sep 18, 2024. The average Kontoor Brands stock price prediction forecasts a potential upside of 36.07% from the current KTB share price of $42.87.
What is KTB's forecast return on assets (ROA) for 2023-2023?
(NYSE: KTB) forecast ROA is 16.16%, which is higher than the forecast US Apparel Manufacturing industry average of 12.07%.
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