Kennedy-Wilson (NYSE:KW) Price Target Cut to $11.00 by Analysts at JPMorgan Chase & Co.

Kennedy-Wilson (NYSE:KW) had its target price lowered by analysts at JPMorgan Chase & Co. from $13.00 to $11.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 14.82% from the company’s current price.

Several other brokerages also recently weighed in on KW. Weiss Ratings restated a “sell (d+)” rating on shares of Kennedy-Wilson in a report on Wednesday, October 8th. Wall Street Zen upgraded Kennedy-Wilson from a “sell” rating to a “buy” rating in a report on Saturday, August 9th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $10.00.

Kennedy-Wilson Stock Down 2.2%

Kennedy-Wilson stock traded down $0.22 on Thursday, hitting $9.58. 3,131,114 shares of the stock traded hands, compared to its average volume of 882,887. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 5.73. The firm has a market cap of $1.32 billion, a P/E ratio of -14.30, a price-to-earnings-growth ratio of 2.37 and a beta of 1.16. The business’s fifty day simple moving average is $8.27 and its 200 day simple moving average is $7.46. Kennedy-Wilson has a 1 year low of $5.98 and a 1 year high of $11.81.

Kennedy-Wilson (NYSE:KW) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.17 EPS for the quarter, beating the consensus estimate of $0.07 by $0.10. Kennedy-Wilson had a positive return on equity of 12.90% and a negative net margin of 9.11%.The business had revenue of $135.70 million during the quarter, compared to analyst estimates of $229.98 million. As a group, sell-side analysts forecast that Kennedy-Wilson will post 2.87 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Kennedy-Wilson by 35.2% in the second quarter. GAMMA Investing LLC now owns 5,329 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 1,388 shares during the last quarter. CWM LLC lifted its position in shares of Kennedy-Wilson by 98.9% during the 3rd quarter. CWM LLC now owns 4,681 shares of the financial services provider’s stock valued at $39,000 after buying an additional 2,327 shares in the last quarter. State of Wyoming purchased a new position in shares of Kennedy-Wilson during the 2nd quarter valued at about $58,000. PharVision Advisers LLC purchased a new position in Kennedy-Wilson in the 2nd quarter worth approximately $73,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in Kennedy-Wilson in the 3rd quarter worth approximately $88,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.