KKR & Co. L.P. (KKR) : Traders are bullish on KKR & Co. L.P. (KKR) as it has outperformed the S&P 500 by a wide margin of 16.06% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.89%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.32% in the last 1 week, and is up 18.94% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
KKR & Co. L.P. (NYSE:KKR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.58 and $14.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.63, notching a gain of 0.97% for the day. The total traded volume was 1,941,965 . The stock had closed at $14.49 on the previous day.
The stock has recorded a 20-day Moving Average of 8.53% and the 50-Day Moving Average is 11.8%. KKR & Co. L.P. is up 12.36% in the last 3-month period. Year-to-Date the stock performance stands at -2.7%.
KKR & Co. L.P. (KKR) : 7 investment research analysts covering KKR & Co. L.P. (KKR) have an average price target of $17.43 for the near short term. The highest target price given by the Brokerage Firm to the stock is $23 and the lowest target is $14 for the short term. Analysts expect the variance to be within $3.1 of the average price.
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.