The stock of KKR & Co. Inc. (NYSE:KKR) decreased by -$1.33 on Tuesday to finish at $60.45, down -2.15 percent. The last five days have seen an average of 3,070,980 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $14.03. The average number of shares traded over the last 20 days was 2,763,775, while the average volume over the last 50 days totaled 3,016,080.
KKR stock dropped -0.38% since last month. On 08/02/23, the company’s shares reached a one-month low of $58.22. The stock touched a high of $63.64 on 08/07/23, after rallying from a low of $41.77 in 52 weeks. The price of KKR stock has risen by 30.22% or $14.03 this year, reaching a new high 19 times. Still, the stock price is down -5.01% from the 52-week high.
Insider Transactions
KKR stock investors should be aware that KKR & Co. Inc. (KKR) stock had its last reported insider trading activity 26 days ago on Jul 21. On Jul 21, 10% Owner KKR Phorm Investors L.P. acquired 1,735,988 shares at $3.30 each. This transaction resulted in the insider spending $5,728,760. On Jun 30, KKR Alternative Assets LLC added 459,348 shares at a price of US$27.99. After the transaction, the insider now owns 943,806 shares. 10% Owner KKR Group Partnership L.P. had earlier sold 15,000,000 shares on Jun 01 for $23.00 a share. The transaction was completed for $345,000,000.
Valuation Metrics
Beta for the stock is 1.52. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.96, the price-to-book (PB) ratio of 2.81.
Company paid $0.1650 per share in dividends, remained unchanged from $0.1650 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.41, and the total debt to equity ratio is 2.41. As far as profitability goes, gross margin for the trailing twelve months is 40.50% percent. KKR & Co. Inc.’s operating margin stood at -2.80% for the same period. Based on annual data, it had gross profit of -$973.43 million and revenue of $5.72 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KKR’s return on assets (ROA) during the last 12 months has been -0.20%. There was a -1.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -2.90%.
Earnings Surprise
According to KKR & Co. Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.63 billion, while revenues rose by 72.31% to $3.13 billion. It was predicted that KKR & Co. Inc.’s quarterly earnings would be $0.73, but it ended up being $0.71, beating the consensus by 2.80%. EBITDA was $549.14 million for the quarter. At the end of KKR & Co. Inc.’s most recent quarter ended June 29, its total debt was $48.51 billion. Equity owned by shareholders amounts to $857.68 million.
Technical Picture
Here’s a quick look at KKR & Co. Inc.’s (KKR) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 48.73%, suggesting the stock is Neutral, with a 21.81% historical volatility rate.
The stochastic %K and %D were 58.30% and 65.50% respectively, while the average true range (ATR) was 1.54. Based on the 14-day stochastic reading of 41.14%, the RSI (14) reading is 53.23%. On the 9-day MACD Oscillator, the stock is at 0.22, and the 14-day reading is at 0.84.
Analyst Ratings
In its analyst report released on May 19, 2023, Citigroup began covering KKR & Co. Inc. (NYSE: KKR). The stock was rated as a Buy by the brokerage firm. Analysts have assigned KKR & Co. Inc. (KKR) an Buy rating. KKR is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 16 others recommend it as a buy.
What is KKR’s price target for the next 12 months?
The current consensus forecast for the stock is between $63.00 and $91.00, with a median target price of $73.50. In analyzing these forecasts, the average price target given by analysts for KKR & Co. Inc. (KKR) is $73.13.
