The KKR & Co. Inc. (KKR) shares are trading at higher $36.23 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $38.29.
To add more color to this target, the company’s high over the last year is $35.97 and the low is $15.55. Over the last 52 weeks, KKR is up 0.71% while the S&P 500 is up 0.39%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, KKR reported a profit of $-904.81 million. KKR & Co. Inc. also saw revenues decrease to $-1.0 billion. In addition, KKR has free cash flow of -$1.45 billion as of 03-2020. The company’s EBITDA came in at -$904.81 million which compares well with its peers.
KKR booked profit margins of -0.80%, its Return on Equity (ROE) is -0.20%, and its Return on Assets is 0.00%. All told, it is clear that, KKR needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. KKR has a short ratio of 5.10 and outstanding shares of 559.15M.
KKR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.13 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.04. Investors should also keep an eye on sector updates as KKR has historically followed its peers on positive news.
All told, KKR & Co. Inc. KKR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, KKR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
KKR & Co. Inc. KKR is now commanding a market cap of 30.65B and a float of 530.05M. KKR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of KKR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in KKR, either long or short, and we have not been compensated for this article.