KKR & Co. L.P. Cut to Underperform at Zacks (KKR)
KKR & Co. L.P. (NYSE:KKR) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Friday. They currently have a $22.20 price target on the stock. Zacks‘s price objective would indicate a potential downside of 5.09% from the company’s current price.
A number of other firms have also 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, August 15th. 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $27.57.
Shares of KKR & Co. L.P. (NYSE:KKR) traded up 0.47% on Friday, hitting $23.50. The stock had a trading volume of 951,520 shares. KKR & Co. L.P. has a 52 week low of $19.06 and a 52 week high of $26.50. The stock’s 50-day moving average is $23.77 and its 200-day moving average is $23.57. The company has a market cap of $9.763 billion and a price-to-earnings ratio of 9.10.
KKR & Co. L.P. (NYSE:KKR) last announced its earnings results on Thursday, July 24th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.18 earnings per share. On average, analysts predict that KKR & Co. L.P. will post $2.61 earnings per share for the current fiscal year.
KKR & Co L.P. (NYSE:KKR), incorporated on June 25, 2007, is a global investment company.
To view Zacks’ full report, visit Zacks’ official website.
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