KKR & Co. Inc (NYSE: KKR): Reassessing Prospects

KKR & Co. Inc (KKR) concluded trading on Wednesday at a closing price of $129.25, with 3.67 million shares of worth about $474.69 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.97% during that period and on September 18, 2024 the price saw a gain of about 1.00%. Currently the company’s common shares owned by public are about 885.01M shares, out of which, 672.23M shares are available for trading.

Stock saw a price change of 9.27% in past 5 days and over the past one month there was a price change of 7.55%. Year-to-date (YTD), KKR shares are showing a performance of 56.00% which increased to 100.51% 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 $128.79 during that period. The average intraday trading volume for KKR & Co. Inc shares is 6.02 million. The stock is currently trading 7.10% above its 20-day simple moving average (SMA20), while that difference is up 10.31% for SMA50 and it goes to 28.69% 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 61.20% of that.

The stock has a current market capitalization of $114.70B and its 3Y-monthly beta is at 1.61. PE ratio of stock for trailing 12 months is 30.53, while it has posted earnings per share of $4.23 in the same period. Its PEG reads 1.01 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 2.86% while standing at 2.53% over the month.

Stock’s fiscal year EPS is expected to rise by 35.61% while it is estimated to increase by 30.96% in next year. EPS is likely to grow at an annualized rate of 30.19% 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 HSBC Securities on Sep-19-24 offering a Buy rating for the stock and assigned a target price of $148 to it. Coverage by Wells Fargo stated KKR & Co. Inc (KKR) stock as an Equal weight in their note to investors on September 12, 2024, suggesting a price target of $130 for the stock. On August 27, 2024, Redburn Atlantic Initiated their recommendations, while on January 04, 2024, TD Cowen Initiated their ratings for the stock with a price target of $96. Stock get an Outperform rating from Oppenheimer on November 30, 2023.

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