Evercore Partners Initiates Coverage on KKR (KKR)
Analysts at Evercore Partners assumed coverage on shares of KKR (NYSE:KKR) in a research report issued to clients and investors on Thursday, Stock Ratings Network reports. The firm set an “equal weight” rating on the stock.
KKR (NYSE:KKR) traded up 2.36% on Thursday, hitting $20.41. The stock had a trading volume of 1,854,213 shares. KKR has a 52 week low of $13.35 and a 52 week high of $21.78. The stock has a 50-day moving average of $19.98 and a 200-day moving average of $19.96. The company has a market cap of $5.671 billion and a P/E ratio of 12.69.
KKR (NYSE:KKR) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.26 by $0.08. The company had revenue of $292.02 million for the quarter, compared to the consensus estimate of $239.82 million. During the same quarter last year, the company posted $0.74 earnings per share. On average, analysts predict that KKR will post $2.16 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley raised their price target on shares of KKR from $22.00 to $23.00 in a research note to investors on Thursday, October 3rd. They now have an “equal weight” rating on the stock. Separately, analysts at TheStreet upgraded shares of KKR to a “buy” rating in a research note to investors on Monday, September 23rd. Finally, analysts at TheStreet downgraded shares of KKR from a “buy” rating to a “hold” rating in a research note to investors on Thursday, September 5th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.05.
KKR & Co L.P. (NYSE:KKR) is a global investment company.
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