KKR & Co. L.P. Given “Hold” Rating at Deutsche Bank (KKR)
KKR & Co. L.P. (NYSE:KKR)‘s stock had its “hold” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Friday. They currently have a $25.00 price objective on the stock, up from their previous price objective of $24.00. Deutsche Bank’s price objective suggests a potential upside of 0.89% from the company’s current price.
A number of other firms have also recently commented on KKR. Analysts at Credit Suisse upgraded shares of KKR & Co. L.P. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 9th. They now have a $33.00 price target on the stock. Separately, analysts at Zacks upgraded shares of KKR & Co. L.P. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 2nd. They now have a $27.00 price target on the stock. Finally, 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. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $27.68.
Shares of KKR & Co. L.P. (NYSE:KKR) traded down 0.64% during mid-day trading on Friday, hitting $24.78. The stock had a trading volume of 2,481,926 shares. KKR & Co. L.P. has a one year low of $18.74 and a one year high of $26.50. The stock has a 50-day moving average of $24.4 and a 200-day moving average of $23.86. The company has a market cap of $10.110 billion and a P/E ratio of 10.97.
KKR & Co. L.P. (NYSE:KKR) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.02. The company had revenue of $249.37 million for the quarter, compared to the consensus estimate of $297.80 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. Analysts expect that KKR & Co. L.P. will post $2.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 19th. Shareholders of record on Monday, August 4th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 10.82%. The ex-dividend date of this dividend is Thursday, July 31st. This is a positive change from KKR & Co. L.P.’s previous quarterly dividend of $0.43.
KKR & Co L.P. (NYSE:KKR) is a global investment company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.