KKR & Co. Inc (NYSE: KKR)’s stock price has increased by 0.20 compared to its previous closing price of 100.85. However, the company has seen a 5.52% increase in its stock price over the last five trading sessions. The Motley Fool reported 2024-03-24 that Wealthy investors allocate a meaningful percentage of their portfolio into alternative investments, including real estate. Real estate has proved to be a solid investment over the years.
Is It Worth Investing in KKR & Co. Inc (NYSE: KKR) Right Now?
KKR & Co. Inc (NYSE: KKR) has a price-to-earnings ratio that is above its average at 24.72x. The stock has a 36-month beta value of 1.62. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 4 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for KKR is 668.74M, and at present, short sellers hold a 1.04% of that float. On March 27, 2024, the average trading volume of KKR was 3.43M shares.
KKR’s Market Performance
KKR stock saw an increase of 5.52% in the past week, with a monthly gain of 5.48% and a quarterly increase of 23.35%. The volatility ratio for the week is 2.20%, and the volatility levels for the last 30 days are 2.26% for KKR & Co. Inc (KKR). The simple moving average for the past 20 days is 3.18% for KKR’s stock, with a 41.41% simple moving average for the past 200 days.
Analysts’ Opinion of KKR
Many brokerage firms have already submitted their reports for KKR stocks, with TD Cowen repeating the rating for KKR by listing it as a “Outperform.” The predicted price for KKR in the upcoming period, according to TD Cowen is $96 based on the research report published on January 04, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see KKR reach a price target of $94, previously predicting the price at $91. The rating they have provided for KKR stocks is “Outperform” according to the report published on November 30th, 2023.
Wolfe Research gave a rating of “Outperform” to KKR, setting the target price at $75 in the report published on October 05th of the previous year.
KKR Trading at 8.48% from the 50-Day Moving Average
After a stumble in the market that brought KKR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.35% of loss for the given period.
Volatility was left at 2.26%, however, over the last 30 days, the volatility rate increased by 2.20%, as shares surge +5.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.55% upper at present.
During the last 5 trading sessions, KKR rose by +5.52%, which changed the moving average for the period of 200-days by +84.70% in comparison to the 20-day moving average, which settled at $98.19. In addition, KKR & Co. Inc saw 21.97% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KKR starting from KKR Alternative Assets LLC, who purchase 286,402 shares at the price of $24.94 back on Mar 13 ’24. After this action, KKR Alternative Assets LLC now owns 429,259 shares of KKR & Co. Inc, valued at $7,142,857 using the latest closing price.
KKR Group Partnership L.P., the 10% Owner of KKR & Co. Inc, sale 13,800,000 shares at $9.87 during a trade that took place back on Mar 11 ’24, which means that KKR Group Partnership L.P. is holding 0 shares at $136,206,000 based on the most recent closing price.
Stock Fundamentals for KKR
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.45 for the gross margin
The net margin for KKR & Co. Inc stands at 0.23. The total capital return value is set at 0.01. Equity return is now at value 18.39, with 1.26 for asset returns.
Based on KKR & Co. Inc (KKR), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 2.16. The interest coverage ratio of the stock is 1.37.
Currently, EBITDA for the company is 5.57 billion with net debt to EBITDA at 5.11. When we switch over and look at the enterprise to sales, we see a ratio of 7.24. The receivables turnover for the company is 0.41for trailing twelve months and the total asset turnover is 0.05.
Conclusion
To sum up, KKR & Co. Inc (KKR) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
