KKR & Co. L.P. (NYSE:KKR) Raised to B- at TheStreet

TheStreet upgraded shares of KKR & Co. L.P. (NYSE:KKR) from a c+ rating to a b- rating in a research note released on Wednesday, January 3rd.

A number of other research analysts have also weighed in on the company. Zacks Investment Research raised KKR & Co. L.P. from a hold rating to a buy rating and set a $21.00 price objective on the stock in a report on Thursday, September 7th. Goldman Sachs Group raised KKR & Co. L.P. from a neutral rating to a buy rating in a report on Monday, October 16th. Sandler O’Neill initiated coverage on KKR & Co. L.P. in a report on Tuesday, November 28th. They issued a hold rating on the stock. Morgan Stanley increased their price objective on KKR & Co. L.P. from $20.00 to $21.00 and gave the company an equal weight rating in a research note on Thursday, October 5th. Finally, ValuEngine lowered KKR & Co. L.P. from a strong-buy rating to a buy rating in a research note on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $24.20.

Shares of KKR & Co. L.P. (NYSE KKR) opened at $23.03 on Wednesday. KKR & Co. L.P. has a 52 week low of $16.77 and a 52 week high of $23.32. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $18,860.00, a P/E ratio of 11.57, a PEG ratio of 0.67 and a beta of 1.52.

KKR & Co. L.P. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.06). KKR & Co. L.P. had a return on equity of 9.39% and a net margin of 35.65%. The business had revenue of $356.00 million for the quarter, compared to analyst estimates of $314.80 million. During the same period in the prior year, the company earned $0.71 EPS. The company’s revenue was up 29.0% on a year-over-year basis. research analysts forecast that KKR & Co. L.P. will post 2.44 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its holdings in shares of KKR & Co. L.P. by 1.8% in the 2nd quarter. Advisory Services Network LLC now owns 6,405 shares of the asset manager’s stock worth $119,000 after purchasing an additional 115 shares during the period. Stelac Advisory Services LLC purchased a new position in shares of KKR & Co. L.P. in the 3rd quarter worth about $119,000. Laurel Wealth Advisors Inc. raised its holdings in shares of KKR & Co. L.P. by 0.6% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 10,917 shares of the asset manager’s stock worth $203,000 after purchasing an additional 67 shares during the period. Synovus Financial Corp purchased a new position in shares of KKR & Co. L.P. in the 2nd quarter worth about $205,000. Finally, FinTrust Investment Advisory Services LLC purchased a new position in shares of KKR & Co. L.P. in the 3rd quarter worth about $239,000. Institutional investors own 64.95% of the company’s stock.

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About KKR & Co. L.P.

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.

Analyst Recommendations for KKR & Co. L.P. (NYSE:KKR)

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