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Shares of KKR Financial Holdings LLC (NYSE:KFN) hit a new 52-week high on Tuesday, Analyst Ratings.Net reports. The company traded as high as $13.24 and last traded at $13.24, with a volume of 888,767 shares trading hands. The stock had previously closed at $13.00.

A number of analysts have recently weighed in on KFN shares. Analysts at Compass Point downgraded shares of KKR Financial Holdings LLC from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $12.00 price target on the stock. Separately, 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. Finally, 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. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $15.60.

KKR Financial Holdings LLC has a 52-week low of $8.91 and a 52-week high of $13.15. The stock has a 50-day moving average of $11.44 and a 200-day moving average of $10.57. The company has a market cap of $2.705 billion and a P/E ratio of 9.24.

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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