Some Investing Thoughts On KKR & Co. Inc (NYSE: KKR)

KKR & Co. Inc (KKR) concluded trading on Wednesday at a closing price of $95.12, with 5.7 million shares of worth about $541.97 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 72.76% during that period and on May 01, 2024 the price saw a gain of about 2.20%. Currently the company’s common shares owned by public are about 885.01M shares, out of which, 668.87M shares are available for trading.

Stock saw a price change of -1.71% in past 5 days and over the past one month there was a price change of -2.84%. Year-to-date (YTD), KKR shares are showing a performance of 14.81% which increased to 78.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $47.79 but also hit the highest price of $103.48 during that period. The average intraday trading volume for KKR & Co. Inc shares is 3.67 million. The stock is currently trading -1.84% below its 20-day simple moving average (SMA20), while that difference is down -2.36% for SMA50 and it goes to 24.14% higher than SMA200.

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KKR & Co. Inc (NYSE: KKR) currently have 885.01M outstanding shares and institutions hold larger chunk of about 58.20% of that.

The stock has a current market capitalization of $84.18B and its 3Y-monthly beta is at 1.63. PE ratio of stock for trailing 12 months is 23.27, while it has posted earnings per share of $4.09 in the same period. Its PEG reads 0.89 while making debt-to-equity ratio of 2.17. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KKR, volatility over the week remained 2.63% while standing at 3.06% over the month.

Analysts are in expectations that KKR & Co. Inc (KKR) stock would likely to be making an EPS of $0.96 in the current quarter, while forecast for next quarter EPS is $1.13 and it is $6.06 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.9 which is $1.1 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.81 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 39.19% while it is estimated to increase by 28.53% in next year. EPS is likely to grow at an annualized rate of 26.07% for next 5-years, compared to annual growth of 14.69% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on January 04, 2024 offering an Outperform rating for the stock and assigned a target price of $96 to it. Coverage by Oppenheimer stated KKR & Co. Inc (KKR) stock as an Outperform in their note to investors on November 30, 2023, suggesting a price target of $94 for the stock. On October 05, 2023, Wolfe Research Initiated their recommendations, while on May 19, 2023, Citigroup Initiated their ratings for the stock with a price target of $69. Stock get an Overweight rating from Barclays on March 02, 2023.

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