KKR & Co. L.P. (NYSE:KKR)‘s stock had its “outperform” rating reiterated by analysts at Credit Suisse Group in a research note issued to investors on Wednesday, The Fly reports. They currently have a $31.00 price objective on the asset manager’s stock, up from their previous price objective of $23.00. Credit Suisse Group’s price target would suggest a potential upside of 36.74% from the stock’s current price. The analysts noted that the move was a valuation call.

A number of other analysts have also issued reports on the company. Goldman Sachs Group upgraded KKR & Co. L.P. from a “neutral” rating to a “buy” rating in a report on Monday, October 16th. Sandler O’Neill initiated coverage on KKR & Co. L.P. in a report on Tuesday, November 28th. They issued a “hold” rating for the company. Zacks Investment Research lowered KKR & Co. L.P. from a “buy” rating to a “sell” rating in a report on Wednesday, October 11th. Morgan Stanley increased their target price on KKR & Co. L.P. from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Finally, TheStreet lowered KKR & Co. L.P. from a “b” rating to a “c+” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. KKR & Co. L.P. presently has an average rating of “Buy” and a consensus price target of $23.67.

Shares of KKR & Co. L.P. (NYSE:KKR) opened at $22.67 on Wednesday. The stock has a market capitalization of $18,560.00, a price-to-earnings ratio of 11.39, a PEG ratio of 0.67 and a beta of 1.52. KKR & Co. L.P. has a 1-year low of $16.77 and a 1-year high of $23.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.08.

KKR & Co. L.P. (NYSE:KKR) last released its earnings results on Thursday, October 26th. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.06). The business had revenue of $356.00 million during the quarter, compared to analysts’ expectations of $314.80 million. KKR & Co. L.P. had a net margin of 35.65% and a return on equity of 9.39%. KKR & Co. L.P.’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 EPS. sell-side analysts expect that KKR & Co. L.P. will post 2.44 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Linscomb & Williams Inc. increased its stake in shares of KKR & Co. L.P. by 0.3% in the second quarter. Linscomb & Williams Inc. now owns 16,177 shares of the asset manager’s stock worth $301,000 after acquiring an additional 53 shares during the last quarter. Laurel Wealth Advisors Inc. increased its stake in shares of KKR & Co. L.P. by 0.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 10,917 shares of the asset manager’s stock worth $203,000 after acquiring an additional 67 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of KKR & Co. L.P. by 1.8% in the second quarter. Advisory Services Network LLC now owns 6,405 shares of the asset manager’s stock worth $119,000 after acquiring an additional 115 shares during the last quarter. Northern Trust Corp increased its stake in shares of KKR & Co. L.P. by 0.4% in the second quarter. Northern Trust Corp now owns 278,550 shares of the asset manager’s stock worth $5,181,000 after acquiring an additional 1,150 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of KKR & Co. L.P. by 2.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 65,189 shares of the asset manager’s stock worth $1,213,000 after acquiring an additional 1,632 shares during the last quarter. 64.95% of the stock is currently owned by institutional investors and hedge funds.

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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.

The Fly

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