Analysts Set KKR & Co. L.P. (KKR) Target Price at $18.00

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.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Markets Daily and is the property of of Markets Daily. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.themarketsdaily.com/2017/04/21/analysts-set-kkr-co-l-p-kkr-target-price-at-18-00.html.

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.

5 Day Chart for 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.

Latest News

Leave a Reply