KKR & Co. Inc (NYSE:KKR) finished Friday with a subtraction of -$0.95 to close at $61.60, a downside of -1.52 percent. An average of 2,976,040 shares of common stock have been traded in the last five days. There was a fall of -$0.56 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 3,729,185 shares traded, while the 50-day average volume stands at 3,276,348.
KKR stock has decreased by -0.44% in the last month. The company shares reached their 1-month lowest point of $60.50 on 09/07/23. With the stock rallying to its 52-week high on 09/20/23, shares of the company touched a low of $41.77 and a high of $64.77 in 52 weeks. It has reached a new high 24 times so far this year and achieved 32.70% or $15.18 in price. In spite of this, the price is down -4.89% 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 40 days ago on Aug 21. In this transaction, the insider spent $552,750,000. 10% Owner, KKR Group Partnership L.P., disposed of 10,000,000 shares at a price of $37.00 on Aug 14. The insider now owns more than $370,000,000 worth of shares. Prior to that, 10% Owner KKR Group Partnership L.P. went on to Sale 15,000,000 shares at $23.00 each on Jun 01. An amount of $345,000,000 was transacted.
Valuation Metrics
KKR & Co. Inc (KKR) stock’s beta is 1.50. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.28, the price-to-book (PB) ratio at 2.86, and the price-to-cash flow ratio at 8.36.
Financial Health
Further, the company has a long term debt to equity ratio of 2.30 and a total debt to equity ratio of 2.33 for the quarter ending June 29. Its gross profit as reported stood at -$973.43 million compared to revenue of $5.72 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, KKR & Co. Inc’s return on assets was -0.16%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $844.46 million in the quarter, while revenues of $322.74 million were grew 198.04%. The analyst consensus anticipated KKR & Co. Inc’s latest quarter earnings to come in at $0.71 per share, but it turned out to be $0.73, a 2.80% surprise. For the quarter, EBITDA amounted to $549.14 million. At the end of the quarter ending June 29, KKR & Co. Inc’s stock balance sheet showed total debt was $48.51 billion. Shareholders own equity worth $857.68 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at KKR & Co. Inc (KKR) price momentum. RSI 9-day as of the close on 29 September was 44.20%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.70%.
As of today, KKR’s price is $62.26 -0.90% or -$0.56 from its 5-day moving average. KKR is currently trading -1.93% lower than its 20-day SMA and +24.92% higher than its 100-day SMA. However, the stock’s current price level is +1.00% above the SMA50 and +27.46% above the SMA200.
The stochastic %K and %D were 23.64% and 30.71%, respectively, and the average true range (ATR) was 1.38. With the 14-day stochastic at 9.30% and the average true range at 1.36, the RSI (14) stands at 47.56%. The stock has reached -0.35 on the 9-day MACD Oscillator while the 14-day reading was at -0.88.
Analyst Ratings
Citigroup launched coverage on KKR & Co. Inc (NYSE: KKR) in its analyst report released on May 19, 2023. The firm assigned the stock a Buy rating. The consensus rating for KKR & Co. Inc (KKR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell KKR, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 16 others rate it as a “buy”.
What is KKR’s price target for the next 12 months?
Analysts predict a range of price targets between $63.00 and $91.00, with a median target of $74.50. Taking a look at these predictions, the average price target given by analysts for KKR & Co. Inc (KKR) stock is $74.06.
