KKR & Co. L.P. (KKR) : Zacks Investment Research ranks KKR & Co. L.P. (KKR) as 5, which is a Strong Sell recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.63, which indicates as a Buy.
KKR & Co. L.P. (KKR) stock is expected to deviate a maximum of $3.78 from the average target price of $16.67 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $24 and the most muted being $14.
KKR & Co. L.P. (NYSE:KKR): The stock opened at $11.99 on Wednesday but the bulls could not build on the opening and the stock topped out at $12.04 for the day. The stock traded down to $11.63 during the day, due to lack of any buying support eventually closed down at $12.00 with a loss of -0.50% for the day. The stock had closed at $12.06 on the previous day. The total traded volume was 3,974,606 shares.
Also, In a research note released to the investors, Morgan Stanley maintains its rating on KKR & Co. L.P. (NYSE:KKR).The analysts at the brokerage house have a current rating of Equal-weight on the shares. In a recent information released to the investors, Morgan Stanley lowers the new price target from $15 per share to $14 per share. The rating by the firm was issued on April 26, 2016. The company shares have dropped -46.21% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $24.79 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $13.05 and the 200 Day Moving Average price is recorded at $13.61.
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 Companys 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 Company operates through three segments: Private Markets, Public Markets, Capital Markets and Other, and Client & Partner Group. Through Private Markets segment, the Company manages and sponsors a group of private equity funds and co-investment vehicles that invest capital for long-term appreciation, either through controlling ownership of a company or strategic minority positions. The Company operates its combined credit and hedge funds businesses through the Public Markets segment. The Capital Markets and Other segment consist primarily of KKRs global capital markets business.