Somewhat Positive News Coverage Somewhat Unlikely to Affect KKR & Co. L.P. (KKR) Share Price
News headlines about KKR & Co. L.P. (NYSE:KKR) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. KKR & Co. L.P. earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the asset manager an impact score of 46.5130757479095 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern’s rankings:
- Cybersecurity giant moves to new Denver HQ amid growth (finance.yahoo.com)
- Jefferies Group Weighs in on KKR & Co. L.P.’s Q1 2018 Earnings (KKR) (americanbankingnews.com)
- Denmark’s DFDS agrees to buy Turkish shipper UN Ro-Ro in $1.2 billion deal (reuters.com)
- Macquarie, KKR $100M Auction-Rigging Claims Advance (law360.com)
- KKR & Co. L.P. (KKR) Price Target Increased to $20.00 by Analysts at Morgan Stanley (americanbankingnews.com)
Shares of KKR traded up $0.39 during trading hours on Monday, reaching $20.72. The stock had a trading volume of 1,389,319 shares, compared to its average volume of 3,102,803. KKR & Co. L.P. has a 12 month low of $16.77 and a 12 month high of $24.50. The stock has a market capitalization of $9,896.65, a price-to-earnings ratio of 8.71, a PEG ratio of 0.79 and a beta of 1.58. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.08 and a current ratio of 1.08.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded KKR & Co. L.P. from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine downgraded KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 27th. Deutsche Bank reduced their target price on KKR & Co. L.P. from $23.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, April 6th. Morgan Stanley reduced their target price on KKR & Co. L.P. from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 10th. Finally, Sandler O’Neill set a $22.00 target price on KKR & Co. L.P. and gave the company a “hold” rating in a report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. KKR & Co. L.P. currently has a consensus rating of “Hold” and a consensus price target of $24.64.
In related news, major shareholder Fund Holdings L.P. Kkr sold 1,444,822 shares of the firm’s stock in a transaction on Monday, March 26th. The stock was sold at an average price of $31.68, for a total transaction of $45,771,960.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Holdings L.P. Valueact bought 450,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were bought at an average cost of $21.70 per share, with a total value of $9,765,000.00. The disclosure for this purchase can be found here.
KKR & Co. L.P. Company Profile
KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, and middle market investments.
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