Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for KKR & Co. Inc. (NYSE:KKR) Stock

KKR & Co. Inc. (NYSE:KKR) had its target price increased by equities research analysts at Keefe, Bruyette & Woods from $163.00 to $170.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 15.19% from the stock’s current price.

A number of other research analysts have also commented on KKR. The Goldman Sachs Group upped their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Morgan Stanley upped their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Barclays lifted their price target on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Wells Fargo & Company upped their price objective on shares of KKR & Co. Inc. from $152.00 to $163.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Redburn Atlantic initiated coverage on shares of KKR & Co. Inc. in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $160.07.

KKR & Co. Inc. Stock Up 2.8 %

Shares of NYSE KKR opened at $147.58 on Friday. The firm’s fifty day moving average is $149.14 and its 200 day moving average is $128.56. KKR & Co. Inc. has a 52 week low of $78.95 and a 52 week high of $163.68. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market cap of $131.08 billion, a price-to-earnings ratio of 44.86, a PEG ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same quarter last year, the firm earned $0.73 EPS. On average, equities research analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of institutional investors have recently modified their holdings of the stock. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. in the 3rd quarter worth about $31,000. Raleigh Capital Management Inc. raised its holdings in KKR & Co. Inc. by 56.7% in 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 last quarter. Eastern Bank bought a new position in shares of KKR & Co. Inc. in the third quarter worth approximately $34,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of KKR & Co. Inc. during the second quarter valued at approximately $38,000. Finally, Y.D. More Investments Ltd bought a new stake in shares of KKR & Co. Inc. during the second quarter valued at approximately $38,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Company Profile

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.