KKR & Co. L.P. (KKR) Getting Positive Press Coverage, Accern Reports
Press coverage about KKR & Co. L.P. (NYSE:KKR) has trended positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. KKR & Co. L.P. earned a daily sentiment score of 0.29 on Accern’s scale. Accern also assigned news articles about the asset manager an impact score of 46.1047264571807 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- KKR Strengthens China Capabilities with Shanghai Office Opening (finance.yahoo.com)
- KKR’s Each-Way Bet on Aussie Housing (finance.yahoo.com)
- A Different Look at What’s Behind KKR & Co LP (KKR) Shares – Evergreen Caller (evergreencaller.com)
- KKR to buy Covenant Surgical Partners (pehub.com)
- Envision Healthcare To Sell American Medical Response To KKR For $2.4 Bln Cash (rttnews.com)
Shares of KKR & Co. L.P. (NYSE:KKR) traded down 0.86% during mid-day trading on Friday, reaching $18.34. The company’s stock had a trading volume of 3,739,359 shares. The company’s 50-day moving average is $19.02 and its 200-day moving average is $18.37. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 7.85 and a beta of 1.53. KKR & Co. L.P. has a 52 week low of $13.58 and a 52 week high of $20.34.
KKR & Co. L.P. (NYSE:KKR) last issued its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.26. The company had revenue of $365.16 million for the quarter, compared to analyst estimates of $300.74 million. KKR & Co. L.P. had a return on equity of 11.45% and a net margin of 42.48%. During the same quarter last year, the company posted $0.19 earnings per share. Equities analysts predict that KKR & Co. L.P. will post $2.55 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Shareholders of record on Monday, August 7th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Thursday, August 3rd. KKR & Co. L.P.’s payout ratio is 28.22%.
A number of research firms have recently weighed in on KKR. Morgan Stanley raised their price objective on KKR & Co. L.P. from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Zacks Investment Research cut KKR & Co. L.P. from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Oppenheimer Holdings, Inc. raised their price objective on KKR & Co. L.P. from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, July 14th. BidaskClub raised KKR & Co. L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of KKR & Co. L.P. in a research report on Friday, June 30th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. KKR & Co. L.P. has an average rating of “Buy” and an average price target of $21.40.
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KKR & Co. L.P. Company Profile
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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