During the last three months, 19 analysts shared their evaluations of KKR KKR, revealing diverse outlooks from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 8 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 4 | 2 | 0 | 0 |
| 2M Ago | 2 | 0 | 1 | 0 | 0 |
| 3M Ago | 4 | 4 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $144.05, a high estimate of $154.00, and a low estimate of $128.00. This current average reflects an increase of 11.83% from the previous average price target of $128.81.
Analyzing Analyst Ratings: A Detailed Breakdown
A clear picture of KKR's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Michael Brown | Wells Fargo | Raises | Equal-Weight | $152.00 | $139.00 |
| Chris Kotowski | Oppenheimer | Raises | Outperform | $148.00 | $128.00 |
| Glenn Schorr | Evercore ISI Group | Raises | Outperform | $145.00 | $135.00 |
| Michael Cyprys | Morgan Stanley | Raises | Equal-Weight | $143.00 | $107.00 |
| Michael Brown | Wells Fargo | Raises | Equal-Weight | $139.00 | $130.00 |
| Devin Ryan | JMP Securities | Raises | Market Outperform | $150.00 | $135.00 |
| Benjamin Budish | Barclays | Raises | Overweight | $149.00 | $146.00 |
| Alexander Blostein | Goldman Sachs | Raises | Buy | $145.00 | $137.00 |
| Vikram Gandhi | HSBC | Announces | Buy | $148.00 | - |
| Michael Brown | Wells Fargo | Announces | Equal-Weight | $130.00 | - |
| Nicholas Watts | Redburn Atlantic | Announces | Buy | $153.00 | - |
| Chris Allen | Citigroup | Raises | Buy | $150.00 | $130.00 |
| Devin Ryan | JMP Securities | Raises | Market Outperform | $135.00 | $115.00 |
| Bill Katz | TD Cowen | Raises | Buy | $154.00 | $145.00 |
| Alexander Blostein | Goldman Sachs | Raises | Buy | $137.00 | $123.00 |
| Benjamin Budish | Barclays | Raises | Overweight | $146.00 | $117.00 |
| Chris Kotowski | Oppenheimer | Raises | Outperform | $128.00 | $121.00 |
| Kyle Voigt | Keefe, Bruyette & Woods | Raises | Outperform | $144.00 | $125.00 |
| Brian Bedell | Deutsche Bank | Raises | Buy | $141.00 | $128.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to KKR. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of KKR compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for KKR's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of KKR's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on KKR analyst ratings.
Discovering KKR: A Closer Look
KKR is one of the world's largest alternative asset managers, with $601.3 billion in total managed assets, including $487.3 billion in fee-earning AUM, at the end of June 2024. The company has two core segments: asset management (which includes private markets-private equity, credit, infrastructure, energy, and real estate-and public markets-primarily credit and hedge/investment fund platforms) and insurance (following the firm's initial investment in, and then ultimate purchase of, Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance).
Unraveling the Financial Story of KKR
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: KKR's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 14.54%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Financials sector.
Net Margin: KKR's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 16.26%, the company may face hurdles in effective cost management.
Return on Equity (ROE): KKR's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 3.1%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): KKR's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.19%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: KKR's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.32, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Understanding the Relevance of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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