Despite KKR & Co. Inc [KKR]’s great opportunity, the stock is a bit overvalued

The price of KKR & Co. Inc (NYSE:KKR) shares last traded on Wall Street rose 1.75% to $120.36.

KKR stock price is now 4.05% away from the 50-day moving average and 21.14% away from the 200-day moving average. The market capitalization of the company currently stands at $106.81B.

Top 5 Artificial Intelligence Stocks to Buy for 2024

By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."

Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"

Sponsored

With the price target of $130, Wells Fargo recently initiated with Equal Weight rating for KKR & Co. Inc (NYSE: KKR). On August 27, 2024, Redburn Atlantic recently initiated its ‘Buy’ rating on the stock quoting a target price of $153, while ‘TD Cowen’ rates the stock as ‘Outperform’

In other news, KKR Group Partnership L.P., 10% Owner sold 2,554,644 shares of the company’s stock on Jul 25 ’24. The stock was sold for $48,155,039 at an average price of $18.85. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 20 ’24, 10% Owner KKR Phorm Investors L.P. sold 24,411,968 shares of the business’s stock. A total of $124,501,037 was realized by selling the stock at an average price of $5.10. A total of 24.25% of the company’s stock is owned by insiders.

During the past 12 months, KKR & Co. Inc has had a low of $53.72 and a high of $128.79. According to the stock market information, the enterprise value for the company is $153677938688, which is based on a 28.43 price-to-earnings ratio, a 0.94 price-to-earnings-growth ratio, and a beta of 1.62. The fifty day moving average price for KKR is $115.9678 and a two-hundred day moving average price translates $99.61295 for the stock.

The latest earnings results from KKR & Co. Inc (NYSE: KKR) was released for 2024-06-30. The net profit margin was 16.32% and return on equity was 18.63% for KKR. The company reported revenue of $4.17 billion for the quarter, compared to $3.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.04 percent.

Related Posts