News coverage about KKR & Co. L.P. (NYSE:KKR) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. KKR & Co. L.P. earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the asset manager an impact score of 45.9073317818219 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment’s analysis:
Several analysts recently commented on KKR shares. Zacks Investment Research upgraded shares of KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, September 7th. Goldman Sachs Group upgraded shares of KKR & Co. L.P. from a “neutral” rating to a “buy” rating in a research note on Monday, October 16th. Morgan Stanley lifted their target price on shares of KKR & Co. L.P. from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. ValuEngine cut shares of KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 8th. Finally, TheStreet cut shares of KKR & Co. L.P. from a “b” rating to a “c+” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.80.
KKR & Co. L.P. (NYSE KKR) traded up $0.07 during trading hours on Monday, hitting $19.95. 2,220,640 shares of the stock were exchanged, compared to its average volume of 2,780,418. KKR & Co. L.P. has a 12 month low of $15.30 and a 12 month high of $20.76. The company has a market capitalization of $16,330.00, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 0.63 and a beta of 1.51. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03.
KKR & Co. L.P. (NYSE:KKR) last released its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.06). KKR & Co. L.P. had a net margin of 35.65% and a return on equity of 9.39%. The firm had revenue of $356.00 million during the quarter, compared to the consensus estimate of $314.80 million. During the same period in the prior year, the business earned $0.71 EPS. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. research analysts expect that KKR & Co. L.P. will post 2.43 EPS for the current fiscal year.
The company also recently declared a dividend, which was paid on Tuesday, November 21st. Stockholders of record on Monday, November 6th were given a $0.17 dividend. The ex-dividend date was Friday, November 3rd. KKR & Co. L.P.’s dividend payout ratio is 34.17%.
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About KKR & Co. L.P.
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 Company’s 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.
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