In a report issued on June 30, Catherine Seifert from CFRA maintained a Buy rating on KKR & Co (NYSE: KKR), with a price target of $25. The company’s shares opened today at $26.68, close to its 52-week high of $26.95.
Seifert noted:
“Following a revenue decline of 25.5% in 2016 and a surge of 72% in 2017, we see revenues in 2018 flat to down 1%, with a rise of 10% to 12% expected in 2019. We see stable mark-to-market values for select publicly-held investments. Revenues come from management fees on invested funds and performance fees expected on the realization of investments either through a private sale or an initial public offering.”
According to TipRanks.com, Seifert is ranked #1434 out of 4824 analysts.
Currently, the analyst consensus on KKR & Co is a Strong Buy with an average price target of $28, implying a 4.9% upside from current levels. In a report issued on June 22, Credit Suisse also maintained a Buy rating on the stock with a $32 price target.
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The company has a one-year high of $26.95 and a one-year low of $17.96. Currently, KKR & Co has an average volume of 3.8M.
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KKR & Co., Inc. provides 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 segments: Private Markets, Public Markets, Capital Markets and Principal Activities.
