KKR & Co. Inc. (NYSE:KKR) Stock Price Expected to Rise, Oppenheimer Analyst Says

KKR & Co. Inc. (NYSE:KKR) had its price objective upped by equities researchers at Oppenheimer from $153.00 to $175.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the asset manager’s stock. Oppenheimer’s price objective indicates a potential upside of 13.39% from the stock’s current price.

KKR has been the topic of a number of other reports. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Evercore ISI increased their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Redburn Atlantic began coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. Morgan Stanley increased their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Finally, Citigroup lifted their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.21.

KKR & Co. Inc. Stock Down 0.9 %

Shares of NYSE KKR opened at $154.34 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 1 year low of $78.95 and a 1 year high of $163.68. The stock’s 50-day simple moving average is $147.22 and its 200-day simple moving average is $126.49. The firm has a market cap of $137.09 billion, a price-to-earnings ratio of 47.00, a PEG ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same period in the previous year, the business earned $0.73 EPS. As a group, equities analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

Institutional Trading of KKR & Co. Inc.

A number of large investors have recently modified their holdings of KKR. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. in the 3rd quarter worth about $31,000. Raleigh Capital Management Inc. boosted its position in shares of KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after buying an additional 85 shares during the period. Eastern Bank bought a new position in KKR & Co. Inc. in the 3rd quarter worth approximately $34,000. American National Bank increased its position in KKR & Co. Inc. by 202.6% in the 2nd quarter. American National Bank now owns 351 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 235 shares during the period. Finally, Farmers & Merchants Investments Inc. bought a new stake in KKR & Co. Inc. during the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

About KKR & Co. Inc.

KKR & Co Inc 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, lower middle market and middle market investments.