KKR & Co. L.P. (KKR) Given Average Recommendation of “Buy” by Analysts

Shares of KKR & Co. L.P. (NYSE:KKR) have received an average recommendation of “Buy” from the fifteen brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $24.56.

Several research analysts recently weighed in on KKR shares. TheStreet upgraded shares of KKR & Co. L.P. from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods restated a “buy” rating and issued a $28.00 price objective on shares of KKR & Co. L.P. in a research report on Thursday, January 11th. Goldman Sachs Group upgraded shares of KKR & Co. L.P. from a “neutral” rating to a “buy” rating in a research report on Monday, October 16th. Jefferies Group restated a “buy” rating and issued a $26.00 price objective on shares of KKR & Co. L.P. in a research report on Thursday, January 11th. Finally, Morgan Stanley upped their price objective on shares of KKR & Co. L.P. from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th.

KKR & Co. L.P. (KKR) traded up $0.22 during mid-day trading on Friday, hitting $22.77. 2,038,324 shares of the company traded hands, compared to its average volume of 1,955,846. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $10,769.26, a PE ratio of 11.50, a price-to-earnings-growth ratio of 0.68 and a beta of 1.52. KKR & Co. L.P. has a one year low of $16.77 and a one year high of $23.36.

KKR & Co. L.P. (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.06). The company had revenue of $356.00 million during the quarter, compared to the consensus estimate of $314.80 million. KKR & Co. L.P. had a return on equity of 9.39% and a net margin of 35.65%. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share. equities analysts anticipate that KKR & Co. L.P. will post 2.41 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC boosted its stake in KKR & Co. L.P. by 1.8% in the second quarter. Advisory Services Network LLC now owns 6,405 shares of the asset manager’s stock worth $119,000 after buying an additional 115 shares in the last quarter. Stelac Advisory Services LLC purchased a new stake in KKR & Co. L.P. in the third quarter worth approximately $119,000. Laurel Wealth Advisors Inc. boosted its stake in KKR & Co. L.P. by 0.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 10,917 shares of the asset manager’s stock worth $203,000 after buying an additional 67 shares in the last quarter. FinTrust Investment Advisory Services LLC purchased a new stake in KKR & Co. L.P. in the third quarter worth approximately $239,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in KKR & Co. L.P. in the third quarter worth approximately $244,000. 65.07% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This article was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/01/20/kkr-co-l-p-kkr-given-average-recommendation-of-buy-by-analysts.html.

About KKR & Co. L.P.

KKR & CO. L.P. (KKR) is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds. The Company’s business offers a range of investment management services to its fund investors, and provides capital markets services to its firm, its portfolio companies and third parties.

Analyst Recommendations for KKR & Co. L.P. (NYSE:KKR)

Receive News & Ratings for KKR & Co. L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co. L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply