KKR & Co. L.P. (KKR) : The most positive equity analysts on KKR & Co. L.P. (KKR) expects the shares to touch $23, whereas, the least positive believes that the stock will trade at $13 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $16.29 with an expected fluctuation of $3.77 from the mean.
KKR & Co. L.P. (KKR) has shown a drop of 7.7% or 714,566 shares in the short positions. The bets have increased to 8,544,565 shares on June 30,2016 from 9,259,131 shares on June 15,2016. With respect to the floated shares, the shorts are 2%. The days to cover are calculated to be 3, using the standard per day volume of 2,648,060 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Brokerage firm Barclays maintains its rating on KKR & Co. L.P. (NYSE:KKR). As per the latest information, the brokerage house lowers the price target to $15 per share from a prior target of $16. The shares have been rated Overweight. The rating by the firm was issued on July 7, 2016.
KKR & Co. L.P. (NYSE:KKR): stock turned positive on Thursday. Though the stock opened at $12.52, the bulls momentum made the stock top out at $12.64 level for the day. The stock recorded a low of $12.5 and closed the trading day at $12.57, in the green by 1.37%. The total traded volume for the day was 2,066,427. The stock had closed at $12.4 in the previous days trading.
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.