KKR & Co. L.P. Sees Large Growth in Short Interest (KKR)
KKR & Co. L.P. (NYSE:KKR) saw a significant growth in short interest in the month of May. As of May 30th, there was short interest totalling 8,379,910 shares, a growth of 44.0% from the May 15th total of 5,817,817 shares, American Banking and Market News reports. Based on an average daily trading volume, of 2,403,082 shares, the days-to-cover ratio is presently 3.5 days. Currently, 2.2% of the company’s shares are short sold.
Several analysts have recently commented on the stock. 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, May 13th. 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, May 12th. 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. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.77.
KKR & Co. L.P. (NYSE:KKR) opened at 24.04 on Monday. KKR & Co. L.P. has a one year low of $17.27 and a one year high of $26.50. The stock has a 50-day moving average of $23.2 and a 200-day moving average of $23.80. The company has a market cap of $9.808 billion and a price-to-earnings ratio of 10.68.
KKR & Co. L.P. (NYSE:KKR) last released its earnings data on Thursday, April 24th. The company reported $0.82 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.88 earnings per share. KKR & Co. L.P.’s revenue was up 100.3% compared to the same quarter last year. Analysts expect that KKR & Co. L.P. will post $2.74 EPS for the current fiscal year.
KKR & Co L.P. (NYSE:KKR), is a global investment company.
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