In a report issued on May 3, Mark Palmer from BTIG reiterated a Buy rating on Kennedy-Wilson (NYSE: KW), with a price target of $33. The company’s shares closed on Friday at $19.10.
Palmer observed:
“Shareholders, Strong 1Q18 Print Poised to Boost Stock With shares of Kennedy Wilson Holdings (KW) finally starting to catch a bid during the past couple of months after an extended period of stagnation and decline, the company’s 1Q18 report loomed large for investors trying to gauge whether the share price momentum would be sustained. KW, whose management in recent weeks has responded to shareholder concerns by announcing a $250mm share repurchase program and amending their compensation program to make it better aligned with investors’ interests, provided additional fuel for the renewed enthusiasm for its stock by delivering a blowout quarter, particularly in terms of adjusted EBITDA.”
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 8.1% and a 57.6% success rate. Palmer covers the Financial sector, focusing on stocks such as Santander Consumer USA, Assured Guaranty Ltd, and Synchrony Financial.
Kennedy-Wilson has an analyst consensus of Moderate Buy, with a price target consensus of $27.50.
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The company has a one-year high of $20.75 and a one-year low of $15.95. Currently, Kennedy-Wilson has an average volume of 1.01M.
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Kennedy-Wilson Holdings, Inc. is a global real estate investment company, which engages in the ownership, operation, and investment in real estate through its investment platform. It operates through KW Investments, and KW Investment Management and Real Estate Services (IMRES) segments.
