KKR Sees Solid Future Despite Sinking Profits
The world of private equity isn't something that most rank-and-file investors know much about, but success in making long-term investments in businesses that are privately held is what has made KKR (NYSE: KKR) a big name in the private equity world. As a pioneer in the industry, KKR has been gathering assets from sophisticated investors for more than 40 years. Yet recently, concerns about the staying power of the private equity industry have led shares of companies like KKR to fall to attractive-looking valuations.
Coming into Thursday's third-quarter financial report, KKR investors were comfortable with the idea that the private equity specialist wouldn't make as much money as it had the previous year, but they still wanted to see signs of long-term growth potential. KKR's results weren't entirely satisfying, but the company's management remains optimistic that it's on the right strategic path toward reaching its goals over the long run. Let's take a closer look at how KKR did and whether private equity is ready to bounce back.
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Source: Fool.com
KKR & Co. LP Stock
With 29 Buy predictions and not a single Sell prediction KKR & Co. LP is an absolute favorite of our community.
With a target price of 108 € there is a slightly positive potential of 3.79% for KKR & Co. LP compared to the current price of 104.06 €.
