KKR & Co. L.P. Receives Average Recommendation of “Buy” from Brokerages (NYSE:KKR)
Shares of KKR & Co. L.P. (NYSE:KKR) have received an average rating of “Buy” from the thirteen brokerages that are presently covering the company, Analyst Ratings.Net reports. Four analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $26.38.
KKR & Co. L.P. (NYSE:KKR) traded down 0.33% on Friday, hitting $22.315. The stock had a trading volume of 393,700 shares. KKR & Co. L.P. has a 52 week low of $17.27 and a 52 week high of $26.50. The stock has a 50-day moving average of $22.93 and a 200-day moving average of $23.72. The company has a market cap of $9.105 billion and a P/E ratio of 9.85.
KKR & Co. L.P. (NYSE:KKR) last announced its earnings results on Thursday, April 24th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.30. The company had revenue of $302.93 million for the quarter, compared to the consensus estimate of $279.30 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 100.3% on a year-over-year basis. On average, analysts predict that KKR & Co. L.P. will post $2.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 23rd. Shareholders of record on Thursday, April 24th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date of this dividend is Wednesday, May 7th.
A number of analysts have recently weighed in on KKR shares. Analysts at Evercore Partners upgraded shares of KKR & Co. L.P. from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. They now have a $28.00 price target on the stock. Separately, analysts at Goldman Sachs initiated coverage on shares of KKR & Co. L.P. in a research note on Monday. They set a “buy” rating and a $28.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of KKR & Co. L.P. in a research note on Friday, April 25th. They now have a $25.00 price target on the stock.
KKR & Co L.P. (NYSE:KKR), is a global investment company.
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