KKR Financial Holdings Receives Average Recommendation of “Hold” from Brokerages (NYSE:KFN)
Shares of KKR Financial Holdings (NYSE:KFN) have been given a consensus recommendation of “Hold” by the thirteen analysts that are presently covering the stock, Analyst Ratings Network reports. Eight research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $16.00.
Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of KKR Financial Holdings in a research note on Monday.
KKR Financial Holdings (NYSE:KFN) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.02. During the same quarter in the prior year, the company posted $0.46 earnings per share.
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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