KKR Receives Hold Rating from Morgan Stanley (KKR)
KKR (NYSE:KKR)‘s stock had its “hold” rating restated by analysts at Morgan Stanley in a research report issued to clients and investors on Tuesday, American Banking & Market News reports. They currently have a $23.00 price objective on the stock. Morgan Stanley’s target price would suggest a potential upside of 10.68% from the stock’s previous close.
Shares of KKR (NYSE:KKR) traded down 0.10% on Tuesday, hitting $20.78. The stock had a trading volume of 918,153 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 $20.10 and a 200-day moving average of $20.00. The company has a market cap of $5.773 billion and a price-to-earnings ratio of 13.24.
KKR (NYSE:KKR) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the 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 $2.17 earnings per share for the current fiscal year.
KKR has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets raised their price target on shares of KKR from $21.00 to $22.00 in a research note to investors on Tuesday. Separately, analysts at Evercore Partners initiated coverage on shares of KKR in a research note to investors on Thursday, October 10th. They set an “equal weight” rating and a $23.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of KKR to a “buy” rating in a research note to investors on Monday, September 23rd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $21.23.
KKR & Co L.P. (NYSE:KKR) is a global investment company.
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