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Shares of KKR & Co. L.P. (NYSE:KKR) have been given an average rating of “Buy” by the twelve analysts that are covering the stock, American Banking & Market News reports. Three analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $26.77.

A number of research firms have recently commented on KKR. Analysts at Zacks upgraded shares of KKR & Co. L.P. from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $27.00 price target on the stock. Separately, 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. Finally, 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.

Shares of KKR & Co. L.P. (NYSE:KKR) traded up 0.22% on Thursday, hitting $24.7651. 416,287 shares of the company’s stock traded hands. KKR & Co. L.P. has a 52-week low of $18.74 and a 52-week high of $26.50. The stock has a 50-day moving average of $23.61 and a 200-day moving average of $23.80. The company has a market cap of $10.104 billion and a P/E ratio of 10.87. KKR & Co. L.P. also saw a large decrease in short interest in the month of June. As of June 13th, there was short interest totalling 6,332,311 shares, a decrease of 24.4% from the May 30th total of 8,379,910 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily volume of 2,892,800 shares, the days-to-cover ratio is presently 2.2 days.

KKR & Co. L.P. (NYSE:KKR) last issued its quarterly earnings data 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. 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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