KKR & Co. L.P. (KKR) has risen sharply, recording gains of 0.9% in the past 4 weeks. However, the stock has corrected -3.45% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.11% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.89% and the fifty day Moving Average is 7.63%. KKR & Co. L.P. is up 9% in the last three month period. Year-to-Date the stock performance stands at -3.1%.
KKR & Co. L.P. (KKR) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $23 and the lowest price target forecast is $14. The average forecast of all the analysts is $17.57 and the expected standard deviation is $3.05.
KKR & Co. L.P. (NYSE:KKR): On Fridays trading session , Opening price of the stock was $14.68 with an intraday high of $14.88. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.56. However, the stock managed to close at $14.57, a loss of 0.75% for the day. On the previous day, the stock had closed at $14.68. The total traded volume of the day was 1,281,486 shares.
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.