KKR & Co. L.P. Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:KKR)
KKR & Co. L.P. (NYSE:KKR) has been given a consensus rating of “Buy” by the eleven brokerages that are presently covering the stock, Stock Ratings News reports. Three equities research 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 brokers that have updated their coverage on the stock in the last year is $28.17.
A number of research firms have recently commented on KKR. Analysts at Wells Fargo & Co. downgraded shares of KKR & Co. L.P. from an “outperform” rating to a “market perform” rating in a research note on Friday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of KKR & Co. L.P. in a research note on Friday, July 25th. They now have a $25.00 price target on the stock, up previously from $24.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of KKR & Co. L.P. in a research note on Monday, July 14th. They now have a $24.00 price target on the stock, down previously from $25.00.
Shares of KKR & Co. L.P. (NYSE:KKR) opened at 22.58 on Thursday. 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 $24.15 and a 200-day moving average of $23.61. The company has a market cap of $9.381 billion and a P/E ratio of 8.97.
KKR & Co. L.P. (NYSE:KKR) last posted its quarterly earnings results 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 $2.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 19th. Stockholders of record on Monday, August 4th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 11.87%. The ex-dividend date is Thursday, July 31st. This is a boost from KKR & Co. L.P.’s previous quarterly dividend of $0.43.
KKR & Co L.P. (NYSE:KKR) is a global investment company.
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