KKR & Co. Inc (KKR) stock expected to decline by -22.4%: What’s driving the pessimism?

KKR & Co. Inc [KKR] stock prices are down -0.28% to $140.17 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The KKR shares have gain 3.23% over the last week, with a monthly amount glided 5.71%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

KKR & Co. Inc [NYSE: KKR] stock has seen the most recent analyst activity on September 18, 2024, when HSBC Securities initiated its Buy rating and assigned the stock a price target of $148. Previously, Wells Fargo started tracking the stock with Equal Weight rating on September 12, 2024, and set its price target to $130. On August 27, 2024, Redburn Atlantic initiated with a Buy rating and assigned a price target of $153 on the stock. TD Cowen started tracking the stock assigning a Outperform rating and suggested a price target of $96 on January 04, 2024. Oppenheimer reiterated its recommendation of a Outperform and raised its price target to $94 on November 30, 2023. Wolfe Research started tracking with a Outperform rating for this stock on October 05, 2023, and assigned it a price target of $75. In a note dated May 19, 2023, Citigroup initiated an Buy rating and provided a target price of $69 on this stock.

The stock price of KKR & Co. Inc [KKR] has been fluctuating between $53.72 and $141.68 over the past year. Currently, Wall Street analysts expect the stock to reach $108.77 within the next 12 months. KKR & Co. Inc [NYSE: KKR] shares were valued at $140.17 at the most recent close of the market. An investor can expect a potential drop of -22.4% based on the average KKR price forecast.

Analyzing the KKR fundamentals

The KKR & Co. Inc [NYSE:KKR] reported sales of 23.68B for trailing twelve months, representing a surge of 29.11%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.18 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.3.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 139.09 points at the first support level, and at 138.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 141.11, and for the 2nd resistance point, it is at 142.06.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 5.25, the price to book ratio is 5.74 and price to earnings (TTM) ratio is 33.11.

Transactions by insiders

Recent insider trading involved KKR Genetic Disorder L.P., 10% Owner, that happened on Sep 13 ’24 when 5.8 million shares were sold. 10% Owner, KKR Group Partnership L.P. completed a deal on Sep 11 ’24 to buy 11.62 million shares. Meanwhile, 10% Owner KKR Group Partnership L.P. sold 2.55 million shares on Jul 25 ’24.

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