What Analyst Ratings Say about Alternatives’ Performances
Alternative asset managers (IYF) have seen improved analyst ratings in 1Q17 mainly due to rising economic net income, new fund raises, and higher valuations of holdings. Blackstone Group’s (BX) performance expectations in 2017 have led to improved ratings for the company in March 2017. Analysts have given the company a mean price target of $35.13, implying a 16.2% rise from its current level. In March 2017, 11 out of the 14 analysts covering the stock (or ~79%) rated it a “buy” or a “strong buy.” Another three analysts rated the company as a “hold.”
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Carlyle, KKR, and Apollo
Among other major alternatives players, KKR (KKR) has a one-year price target of $20.59, implying a return of 12.8%. In March 2017, nine out of 13 analysts, or ~69%, gave it “buy” or “strong buy” ratings, and the remaining four analysts gave it a “hold” rating.
Analysts have given a one-year price target of $18.83 for Carlyle Group (CG), implying 15.5% growth. In March 2017, five out of 12 analysts covering the stock have given it “buy” or “strong buy” ratings, and the remaining seven analysts gave it a “hold” rating.
11 out of 14 analysts gave “buy” or “strong buy” ratings to Apollo Global (APO) stock, and four analysts rated it as a “hold.” Analysts have given the company a price target of $25.65, implying a growth of 9.3% from current prices.