Goldman Sachs Reaffirms Their Buy Rating on KKR & Co (KKR)

Goldman Sachs analyst Alexander Blostein maintained a Buy rating on KKR & Co (KKRResearch Report) yesterday and set a price target of $63.00. The company’s shares opened today at $44.70.

Blostein covers the Financial sector, focusing on stocks such as Blue Owl Capital, Bank of New York Mellon Corporation, and Ameriprise Financial. According to TipRanks, Blostein has an average return of 11.6% and a 62.76% success rate on recommended stocks.

KKR & Co has an analyst consensus of Strong Buy, with a price target consensus of $67.56, implying a 51.14% upside from current levels. In a report released yesterday, JMP Securities also reiterated a Buy rating on the stock with a $80.00 price target.

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KKR market cap is currently $38.79B and has a P/E ratio of 35.33.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is neutral on the stock.

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KKR & Co., Inc. engages in the provision of investment and private equity asset management services. It manages investments across multiple asset classes includes private equity, energy, infrastructure, real estate, credit, and hedge funds. The firm operates business through four business lines: Private Markets, Public Markets, Capital Markets, and Principal Activities. The Private Markets line manages and sponsors a group of private equity funds that invest capital for long-term appreciation, either through controlling ownership of a company or strategic minority positions. The Public Markets line operates combined credit and hedge funds platforms. The Capital Markets line comprises of global capital markets business. It implements traditional and non-traditional capital solutions for investments or companies seeking financing. The Principal Activities line manages the firm’s assets and deploys capital to support and grow the businesses. The company was founded by Henry R. Kravis and George R. Roberts in 1976 and is headquartered in New York, NY.

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