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JMP Securities Reiterates a Buy Rating on KKR & Co (KKR)

In a report released today, Devin Ryan from JMP Securities reiterated a Buy rating on KKR & Co (KKRResearch Report), with a price target of $92.00. The company’s shares closed last Thursday at $59.18.

According to TipRanks.com, Ryan is a 5-star analyst with an average return of 19.5% and a 63.7% success rate. Ryan covers the Financial sector, focusing on stocks such as Sixth Street Specialty Lending, TriplePoint Venture Growth, and Pennantpark Floating Rate.

KKR & Co has an analyst consensus of Strong Buy, with a price target consensus of $86.25, which is a 44.6% upside from current levels. In a report issued on March 11, Oppenheimer also maintained a Buy rating on the stock with a $76.00 price target.

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KKR & Co’s market cap is currently $34.87B and has a P/E ratio of 8.03.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KKR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on KKR:

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