KKR Financial Holdings LLC Sets New 1-Year High at $12.43 (KFN)
KKR Financial Holdings LLC (NYSE:KFN) set a new 52-week high during trading hours on Thursday, Stock Ratings News reports. The company traded as high as $12.43 and last traded at $12.39, with a volume of 3,328,708 shares. The stock had previously closed at $12.19.
KFN has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of KKR Financial Holdings LLC from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $12.50 price target on the stock. Separately, analysts at Wells Fargo & Co. downgraded shares of KKR Financial Holdings LLC from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, December 17th. Finally, analysts at Deutsche Bank downgraded shares of KKR Financial Holdings LLC from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, December 17th. They now have a $11.50 price target on the stock, down previously from $12.75. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $16.00.
KKR Financial Holdings LLC has a 52-week low of $8.91 and a 52-week high of $12.39. The stock has a 50-day moving average of $10.28 and a 200-day moving average of $10.37. The company has a market cap of $2.523 billion and a P/E ratio of 8.66.
KKR Financial Holdings LLC (NYSE:KFN) last announced its earnings results on Wednesday, October 23rd. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.36 by $0.20. The company had revenue of $128.70 million for the quarter. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was down 10.2% on a year-over-year basis.
KKR Financial Holdings LLC is a specialty finance company with focus in a range of asset classes. The Company invests in financial assets consisting primarily of below investment grade corporate debt, including senior secured and unsecured loans, mezzanine loans, high yield corporate bonds, distressed and stressed debt securities, marketable and non-marketable equity securities and credit default and total rate of return swaps.
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