KKR & Co (KKR) Receives a Buy from Jefferies

Jefferies analyst Gerald O’Hara maintained a Buy rating on KKR & Co (KKRResearch Report) today and set a price target of $92.00. The company’s shares closed last Monday at $70.73.

According to TipRanks.com, O’Hara is a 5-star analyst with an average return of 35.1% and a 84.9% success rate. O’Hara covers the Financial sector, focusing on stocks such as AssetMark Financial Holdings, Focus Financial Partners, and Raymond James Financial.

KKR & Co has an analyst consensus of Strong Buy, with a price target consensus of $88.81.

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Based on KKR & Co’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.48 billion and net profit of $1.16 billion. In comparison, last year the company earned revenue of $1.9 billion and had a net profit of $1.06 billion.

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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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