Better Times Ahead For KKR & Co. Inc (NYSE: KKR)?

KKR & Co. Inc (KKR) concluded trading on Wednesday at a closing price of $113.78, with 3.95 million shares of worth about $449.74 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 39.52% during that period and on July 17, 2024 the price saw a loss of about -2.48%. Currently the company’s common shares owned by public are about 885.01M shares, out of which, 671.30M shares are available for trading.

Stock saw a price change of 3.96% in past 5 days and over the past one month there was a price change of 4.21%. Year-to-date (YTD), KKR shares are showing a performance of 37.33% which increased to 87.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $53.72 but also hit the highest price of $117.07 during that period. The average intraday trading volume for KKR & Co. Inc shares is 6.84 million. The stock is currently trading 5.10% above its 20-day simple moving average (SMA20), while that difference is up 7.76% for SMA50 and it goes to 29.24% 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 57.80% of that.

The stock has a current market capitalization of $100.97B and its 3Y-monthly beta is at 1.63. PE ratio of stock for trailing 12 months is 25.50, while it has posted earnings per share of $4.46 in the same period. Its PEG reads 0.90 while making debt-to-equity ratio of 2.33. 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 2.54% while standing at 2.38% over the month.

Stock’s fiscal year EPS is expected to rise by 35.82% while it is estimated to increase by 31.03% in next year. EPS is likely to grow at an annualized rate of 28.48% 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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