KKR & Co. L.P. (KKR) : The consensus on KKR & Co. L.P. (KKR) based on 8 analyst recommendation on the company stock is 1.75, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
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 $14 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $17.43 with an expected fluctuation of $3.1 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Also, Barclays maintains its view on KKR & Co. L.P. (NYSE:KKR) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Barclays raises the price target from $15 per share to $16 per share on KKR & Co. L.P.. The rating by the firm was issued on July 27, 2016.
KKR & Co. L.P. (NYSE:KKR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.94 and $13.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.26, notching a gain of 2.00% for the day. The total traded volume was 3,787,203 . The stock had closed at $13.98 on the previous day.
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.