Biggar observed, “Weak mark-to-market adjustments weigh on 1Q ENI On April 25, KKR reported a 1Q16 economic loss of $0.65 per unit, versus economic net income (ENI) of $0.62 per unit a year earlier, and below the consensus estimate for an economic net loss of $0.33.”
Currently, the analyst consensus on KKR & Co is Moderate Buy and the average price target is $17.67, representing a 21.7% upside. In a report issued on April 18, Deutsche Bank also maintained a Hold rating on the stock with a $14 price target.
Based on KKR & Co`s latest earnings report from December 31, the company posted quarterly revenue of $1.8B and quarterly net profit of $32.26M. In comparison, last year the company earned revenue of $2.47B and had a net profit of $270.5M.
Unlike Argus Research`s latest rating, based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2015, William Janetschek, a the Chief Financial Officer of KKR sold 50,000 shares for a total of $1,189,000.
According to TipRanks.com, Biggar is a 1-star analyst with an average return of -2.3% and a 56.3% success rate. Biggar covers the Financial sector, focusing on stocks such as Discover Financial Services, Sun Life Financial, and American Express.
KKR & Co. LP 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 company operates business through four business segments: Private Markets, Public Markets and Capital Markets and Principal Activities. The Private Markets segment is comprised of the global private equity business, which manages and sponsors a group of investment funds and vehicles that invest capital for long-term appreciation, either through controlling ownership of a company or strategic minority positions. The Public Markets segment is comprised primarily of the company fixed income businesses which manage capital in liquid credit strategies, such as leveraged loans and high yield bonds, and less liquid credit products, such as mezzanine debt, special situation assets, rescue financings, distressed assets, debtor-in-possession financings and exit financings. The Capital Markets segment combines the assets acquired in the Combination Transaction with the company’s global capital markets business. The Principal Activities segment manages the firm’s own assets and deploys capital to support and grow the businesses. The company was founded by Henry R. Kravis and George R. Roberts on June 25, 2007 and is headquartered in New York, NY.