KKR & Co. Inc (NYSE:KKR) saw a downside of -3.21% to close Tuesday at $61.51 after subtracting -$2.04 on the day. The 5-day average trading volume is 3,255,100 shares of the company’s common stock. It has gained $64.77 in the past week and touched a new high 1 time within the past 5 days. An average of 4,139,105 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,310,224.
KKR’s 1-month performance is 3.38% or $2.01 on its low of $59.60 reached on 08/28/23. The company’s shares have touched a 52-week low of $41.77 and high of $64.77, with the stock’s rally to the 52-week high happening on 09/20/23. YTD, KKR has achieved 32.51% or $15.09 and has reached a new high 24 times. However, the current price is down -5.03% from the 52-week high price.
Insider Transactions
KKR stock investors last saw insider trading activity on Aug 21.KKR Group Partnership L.P. (10% Owner) most recently sold 15,000,000 shares at $36.85 per share on Aug 21. This transaction cost the insider $552,750,000. 10% Owner, KKR Group Partnership L.P., sold 10,000,000 shares at a price of $37.00 on Aug 14. Then, on Jun 01, 10% Owner KKR Group Partnership L.P. sold 15,000,000 shares at a price of $23.00 per share. This transaction amounted to $345,000,000.
Valuation Metrics
KKR stock has a beta of 1.50. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.27 while the price-to-book (PB) in the most recent quarter is 2.86, with the price to cash flow ratio at 8.34.
As well, the company’s long term debt to equity for the quarter ending June 29 was 2.30, while the total debt to equity was 2.33.. In terms of profitability, the gross margin trailing 12 months is 37.22%. The firm’s gross profit as reported stood at -$973.43 million against revenue of $5.72 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 198.04% to $844.46 million, while revenue of $322.74 million was 61.78% off the previous quarter. Analysts expected KKR to announce $0.71 per share in earnings in its latest quarter, but it posted $0.73, representing a 2.80% surprise. EBITDA for the quarter stood at more than $549.14 million. Shareholders hold equity totaling $857.68 million.
Let’s look briefly at KKR & Co. Inc (KKR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 43.15% to suggest the stock is trending Neutral, with historical volatility in this time period at 30.62%.
The stock’s 5-day moving average is $62.45, reflecting a -3.03% or -$1.92 change from its current price. KKR is currently trading +1.43% above its 20-day SMA, +19.88% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.37% and SMA200 by+29.90%.
Stochastic %K and %D was 44.65% and 44.18% and the average true range (ATR) pointed at 1.43. The RSI (14) points at 47.21%, while the 14-day stochastic is at 23.65% with the period’s ATR at 1.39. The stock’s 9-day MACD Oscillator is pointing at -0.73 and -0.64 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for KKR & Co. Inc (NYSE: KKR), Citigroup launched coverage with a Buy rating. Analysts offering their rating for KKR stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate KKR as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 16 have offered a “buy” rating.
What is KKR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $63.00 and a high of $91.00, with their median price target at $74.50. Looking at these predictions, the average price target given by analysts is for KKR & Co. Inc (KKR) stock is $73.75.
