BTIG Thinks Kennedy-Wilson’s Stock is Going to Recover

By George MacDonald

BTIG analyst Mark Palmer maintained a Buy rating on Kennedy-Wilson (NYSE: KW) on February 22 and set a price target of $33. The company’s shares closed yesterday at $17.45, close to its 52-week low of $15.74.

Palmer said, “KW is scheduled to report 4Q15 results on Thursday, after the market close, with a conference call slated for Friday at 10am ET. We estimate that the company will report GAAP earnings per share of $0.06 versus the consensus estimate of $0.00. “

Currently, the analyst consensus on Kennedy-Wilson is Strong Buy and the average price target is $32, representing an 83.4% upside. In a report issued on February 22, JMP Securities also maintained a Buy rating on the stock with a $33 price target.

Based on Kennedy-Wilson`s latest earnings report from September 30, the company posted quarterly revenue of $159.2M and quarterly net profit of $15.4M. In comparison, last year the company earned revenue of $141.6M and had a net profit of -$28.8M.

Financial bloggers on sites such as SeekingAlpha, investorplace.com and others, seem to have a Positive view on KW. When evaluating the opinions of financial bloggers over the last 3 months, 50% of bloggers have indicated a Bullish sentiment, while 50% have indicated a Bearish sentiment. The average blogger Bullish sentiment in the Financial sector is 72% which is equal to the blogger sentiment of KW.

Like BTIG`s latest rating, based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KW in relation to earlier this year. Most recently, in September 2012, Kent Mouton, a the General Counsel of KW sold 10,000 shares for a total of $144,500.

According to TipRanks.com, Palmer is ranked 0 out of 5 stars with an average return of -15.9% and a 25.1% success rate. Palmer covers the Financial sector, focusing on stocks such as Santander Consumer USA, Assured Guaranty Ltd, and istar Financial Inc.

Kennedy-Wilson Holdings Inc is a vertically integrated real estate investment and services company. It acquires, renovates and holds yields or resells commercial and residential real estate, and invests in loan pools and discounted loan portfolios.