KKR (NYSE:KKR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, Stock Ratings News reports. The firm currently has a $25.80 price target on the stock. Zacks‘ price target would indicate a potential upside of 8.63% from the stock’s previous close.
A number of other analysts have also recently weighed in on KKR. Analysts at Sandler O’Neill raised their price target on shares of KKR from $25.00 to $27.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of KKR from $22.00 to $24.00 in a research note to investors on Friday, October 25th. They now have a “market perform” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of KKR from $21.00 to $23.00 in a research note to investors on Thursday, October 24th. They now have a “neutral” rating on the stock. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $22.25.
KKR (NYSE:KKR) traded down 2.21% during mid-day trading on Wednesday, hitting $23.2252. The stock had a trading volume of 787,111 shares. KKR has a one year low of $13.35 and a one year high of $21.78. The stock’s 50-day moving average is $19.89 and its 200-day moving average is $19.75. The company has a market cap of $6.060 billion and a price-to-earnings ratio of 13.40.
KKR (NYSE:KKR) last released its earnings data on Thursday, October 24th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.26. The company had revenue of $220.03 million for the quarter, compared to the consensus estimate of $253.80 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 35.7% on a year-over-year basis. On average, analysts predict that KKR will post $2.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 19th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Thursday, October 31st.
KKR & Co L.P. (NYSE:KKR) is a global investment company.
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