Shares of KKR & Co. L.P. (NYSE:KKR) have been given an average rating of “Hold” by the twelve brokerages that are presently covering the company. Seven investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $18.00.
Several research analysts have commented on the company. Zacks Investment Research downgraded KKR & Co. L.P. from a “buy” rating to a “hold” rating in a report on Thursday, January 12th. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price objective on shares of KKR & Co. L.P. in a research note on Wednesday, January 11th. Credit Suisse Group AG set a $18.00 price objective on KKR & Co. L.P. and gave the company a “buy” rating in a research note on Monday, January 2nd. Citigroup Inc downgraded KKR & Co. L.P. from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $20.50 to $19.00 in a research note on Monday. Finally, Vetr downgraded KKR & Co. L.P. from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Linscomb & Williams Inc. increased its position in KKR & Co. L.P. by 0.3% in the fourth quarter. Linscomb & Williams Inc. now owns 16,072 shares of the asset manager’s stock worth $247,000 after buying an additional 55 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in shares of KKR & Co. L.P. by 0.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 34,904 shares of the asset manager’s stock worth $537,000 after buying an additional 132 shares in the last quarter. BOKF NA raised its stake in shares of KKR & Co. L.P. by 3.6% in the third quarter. BOKF NA now owns 14,224 shares of the asset manager’s stock worth $203,000 after buying an additional 500 shares in the last quarter. Bienville Capital Management LLC raised its stake in shares of KKR & Co. L.P. by 10.4% in the fourth quarter. Bienville Capital Management LLC now owns 17,000 shares of the asset manager’s stock worth $262,000 after buying an additional 1,600 shares in the last quarter. Finally, Oxbow Advisors LLC raised its stake in shares of KKR & Co. L.P. by 0.8% in the third quarter. Oxbow Advisors LLC now owns 235,532 shares of the asset manager’s stock worth $3,373,000 after buying an additional 1,895 shares in the last quarter. 58.47% of the stock is currently owned by institutional investors and hedge funds.
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KKR & Co. L.P. (NYSE:KKR) traded down 1.05% during trading on Tuesday, reaching $17.04. The company’s stock had a trading volume of 1,362,177 shares. The company’s 50 day moving average price is $17.90 and its 200-day moving average price is $16.52. The stock has a market cap of $7.71 billion, a P/E ratio of 28.88 and a beta of 1.64. KKR & Co. L.P. has a 1-year low of $11.63 and a 1-year high of $18.52.
KKR & Co. L.P. (NYSE:KKR) last announced its earnings results on Thursday, February 9th. The asset manager reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $481.50 million for the quarter, compared to analyst estimates of $273.23 million. KKR & Co. L.P. had a return on equity of 5.55% and a net margin of 15.48%. The firm’s quarterly revenue was up 56.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 earnings per share. Equities analysts forecast that KKR & Co. L.P. will post $2.05 earnings per share for the current fiscal year.
KKR & Co. L.P. Company Profile
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.
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