KKR & Co. L.P. (KKR) Receives “Outperform” Rating from Credit Suisse Group

Credit Suisse Group reaffirmed their outperform rating on shares of KKR & Co. L.P. (NYSE:KKR) in a research report report published on Wednesday, January 10th, The Fly reports. Credit Suisse Group currently has a $31.00 target price on the asset manager’s stock, up from their previous target price of $23.00. The analysts noted that the move was a valuation call.

A number of other equities analysts have also recently issued reports on KKR. ValuEngine raised shares of KKR & Co. L.P. from a buy rating to a strong-buy rating in a report on Saturday, September 30th. Keefe, Bruyette & Woods reissued a buy rating and issued a $27.00 target price on shares of KKR & Co. L.P. in a report on Thursday, October 12th. TheStreet raised shares of KKR & Co. L.P. from a c+ rating to a b- rating in a report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of KKR & Co. L.P. from a sell rating to a hold rating in a research note on Thursday, December 21st. Finally, Morgan Stanley raised their price target on shares of 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $24.20.

KKR & Co. L.P. (NYSE:KKR) opened at $22.79 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.08. KKR & Co. L.P. has a twelve month low of $16.77 and a twelve month high of $23.36. The stock has a market cap of $18,660.00, a PE ratio of 11.45, a price-to-earnings-growth ratio of 0.70 and a beta of 1.52.

KKR & Co. L.P. (NYSE:KKR) last issued its earnings results on Thursday, October 26th. The asset manager reported $0.36 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $314.80 million. During the same period in the prior year, the business earned $0.71 EPS. The business’s revenue was up 29.0% on a year-over-year basis. equities analysts expect that KKR & Co. L.P. will post 2.41 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the business. Linscomb & Williams Inc. increased its stake in shares of KKR & Co. L.P. by 0.3% in the second quarter. Linscomb & Williams Inc. now owns 16,177 shares of the asset manager’s stock valued at $301,000 after purchasing an additional 53 shares during the period. Laurel Wealth Advisors Inc. increased its stake in shares of KKR & Co. L.P. by 0.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 10,917 shares of the asset manager’s stock valued at $203,000 after purchasing an additional 67 shares during the period. Advisory Services Network LLC increased its stake in shares of KKR & Co. L.P. by 1.8% in the second quarter. Advisory Services Network LLC now owns 6,405 shares of the asset manager’s stock valued at $119,000 after purchasing an additional 115 shares during the period. Northern Trust Corp increased its stake in shares of KKR & Co. L.P. by 0.4% during the second quarter. Northern Trust Corp now owns 278,550 shares of the asset manager’s stock valued at $5,181,000 after acquiring an additional 1,150 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of KKR & Co. L.P. by 2.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 65,189 shares of the asset manager’s stock valued at $1,213,000 after acquiring an additional 1,632 shares during the period. Institutional investors own 65.07% 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.

The Fly

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

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