Barclays Maintains an 'Overweight' on KKR (KKR); Raising Estimates and Price Target
Tweet
Share
E-mailGet Alerts KKR Hot Sheet
Price: $110.46 --0%
Rating Summary:
19 Buy, 6 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 10 | New: 19
Rating Summary:
19 Buy, 6 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 10 | New: 19
Join SI Premium – FREE
Barclays maintains an 'Overweight' on KKR (NYSE: KKR) price target of $20.00 (from $19.00).
Analyst, Roger A. Freeman, said, "KKR reported Q2'12 after-tax ENI/sh of $0.74, above our estimate of $0.23 and consensus of $0.16...While we do not intend to take away from the Alliance Boots sale, which we think is a clear example of the value-add that the KKR franchise can offer, the vast majority of the beat came from one mark-up that had been previously disclosed (although the actual flow through impact to ENI was not). Outside of Boots, ENI would have been roughly in-line with consensus. That said, KKR continues to be one of our top picks in the space, as strong fundraising momentum across a number of alternative strategies coupled with a valuation that appears to ascribe very little value to performance fees offers a compelling opportunity, in our view." (FY12 EPS estimate raised from $2.35 to $2.84, maintains FY13 at $2.22)
For an analyst ratings summary and ratings history on KKR click here. For more ratings news on KKR click here.
Shares of KKR closed at $14.28 yesterday.
Analyst, Roger A. Freeman, said, "KKR reported Q2'12 after-tax ENI/sh of $0.74, above our estimate of $0.23 and consensus of $0.16...While we do not intend to take away from the Alliance Boots sale, which we think is a clear example of the value-add that the KKR franchise can offer, the vast majority of the beat came from one mark-up that had been previously disclosed (although the actual flow through impact to ENI was not). Outside of Boots, ENI would have been roughly in-line with consensus. That said, KKR continues to be one of our top picks in the space, as strong fundraising momentum across a number of alternative strategies coupled with a valuation that appears to ascribe very little value to performance fees offers a compelling opportunity, in our view." (FY12 EPS estimate raised from $2.35 to $2.84, maintains FY13 at $2.22)
For an analyst ratings summary and ratings history on KKR click here. For more ratings news on KKR click here.
Shares of KKR closed at $14.28 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA Securities Upgrades Etsy (ETSY) to Buy, 'Still Room to Run'
- Target (TGT) PT Raised to $185 at UBS on Evidence of Durable Recovery
- Toll Bros. (TOL) PT Raised to $195 at UBS on Stronger Margin Expectations
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
