KKR Given “Outperform” Rating at Oppenheimer (KKR)
KKR (NYSE: KKR)‘s stock had its “outperform” rating reaffirmed by Oppenheimer in a research note issued on Friday. They currently have a $21.00 price target on the stock, up from their previous price target of $19.00.
The analysts wrote, “We upgraded KKR last summer on the tactical notion that distributions should increase meaningfully in 2013 and 2014 as the$17.6B 2006 Fund enters carry mode. We believe that story is fully on track but we had chance to meet with Scott Nuttall, head of Global Capital and Asset Management, and Craig Larson, head of investor relations, and their focus was more on a longer term, strategic growth vision. By comparison to peers, KKR is much more focused on private equity. The segment accounted for 68% of fee-paying AUM, 80% of base management fees, and almost all realized carry income in 2012.”
A number of other analysts have also recently weighed in on KKR. Analysts at Zacks upgraded shares of KKR from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $20.50 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of KKR from $10.00 to $12.00 in a research note to investors on Monday, February 11th. They now have a “neutral” rating on the stock. Finally, analysts at BMO Capital Markets reiterated an “outperform” rating on shares of KKR in a research note to investors on Friday, February 8th. They now have a $20.00 price target on the stock, up previously from $19.00.
Twelve research analysts have rated the stock with a buy rating, and two have given a hold rating to the company’s stock. KKR has an average rating of “buy” and a consensus price target of $19.96.
Shares of KKR (NYSE: KKR) traded down 1.08% during mid-day trading on Friday, hitting $19.5077. KKR has a 52 week low of $11.03 and a 52 week high of $20.00. The stock’s 50-day moving average is currently $17.98. The company has a market cap of $5.090 billion and a P/E ratio of 8.92.
KKR (NYSE: KKR) last issued its quarterly earnings data on Thursday, February 7th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.27. The company had revenue of $177.62 million for the quarter, compared to the consensus estimate of $215.20 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was down 15.2% on a year-over-year basis. On average, analysts predict that KKR will post $2.37 EPS for the current fiscal year.
KKR & Co L.P. (KKR) is a global investment company. The Company’s business offers a range of investment management services to its investors and provides capital markets services to its firm, its portfolio companies and its third-party clients.
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