Oppenheimer Believes KKR & Co (NYSE: KKR) Still Has Room to Grow

In a report released today, Chris Kotowski from Oppenheimer assigned a Buy rating to KKR & Co (KKRResearch Report), with a price target of $61.00. The company’s shares closed last Tuesday at $56.00, close to its 52-week high of $57.18.

According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 18.4% and a 69.6% success rate. Kotowski covers the Financial sector, focusing on stocks such as Apollo Global Management, Focus Financial Partners, and Solar Senior Capital.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for KKR & Co with a $60.00 average price target.

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Based on KKR & Co’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.01 billion and net profit of $1.51 billion. In comparison, last year the company earned revenue of $1.06 billion and had a net profit of $523 million.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2021, David Sorkin, the GC & Secretary of KKR sold 130,000 shares for a total of $5,844,800.

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KKR & Co., Inc. engages in the provision of 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 lines: Private Markets, Public Markets, Capital Markets, and Principal Activities. The Private Markets line manages and sponsors a group of private equity funds that invest capital for long-term appreciation, either through controlling ownership of a company or strategic minority positions. The Public Markets line operates combined credit and hedge funds platforms. The Capital Markets line comprises of global capital markets business. It implements traditional and non-traditional capital solutions for investments or companies seeking financing. The Principal Activities line manages the firm’s assets and deploys capital to support and grow the businesses. The company was founded by Henry R. Kravis and George R. Roberts in 1976 and is headquartered in New York, NY.