KKR Reaches New 12-Month High at $25.88 (KKR)
KKR (NYSE:KKR)’s share price reached a new 52-week high during mid-day trading on Thursday, Stock Ratings Network reports. The stock traded as high as $25.88 and last traded at $25.59, with a volume of 1,177,672 shares traded. The stock had previously closed at $25.78.
KKR has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of KKR from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 25th. They now have a $27.00 price target on the stock. Separately, analysts at Morgan Stanley upgraded shares of KKR from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, November 14th. They now have a $27.00 price target on the stock, up previously from $24.00. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $23.36.
KKR has a one year low of $15.79 and a one year high of $25.87. The stock’s 50-day moving average is $24.20 and its 200-day moving average is $21.57. The company has a market cap of $7.443 billion and a P/E ratio of 14.55.
KKR (NYSE:KKR) last released its earnings data on Thursday, October 24th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.26. The company had revenue of $220.03 million for the quarter, compared to the consensus estimate of $253.80 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 35.7% on a year-over-year basis. Analysts expect that KKR will post $2.55 EPS for the current fiscal year.
KKR & Co L.P. (NYSE:KKR) is a global investment company.
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