Kearny Financial Corp. (NASDAQ:KRNY) has been recommended as a long term growth stock according to analysts at Beta Research. With their stock price currently trading around $14.40, the firm has proven a solid track record of growth over the past few years. Investors might consider the stock as a long term growth candidate as the firm has yielded 31.80% earnings per share growth over the past 5 years and 7.10% revenue growth over that same time frame.
Long-term growth (LTG) is an investing strategy where a stock will (hopefully) grow in value for a relatively long period of time. Long-term growth should be considered to be a relative term, due to different styles and goals of investors, but the endgame is the same.
A “buy-and-hold” investor will consider long-term growth as a longer time period then a day trader will. The buy-and-hold strategy looks ahead farther into the future, giving short-term price swings less consideration as long as the fundamentals stay the same. A trader is looking more closely at a weekly, or shorter, time frame and is more interested in immediate price fluctuations.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, Kearny Financial Corp. (NASDAQ:KRNY)’s stock was -0.35%. Over the last week of the month, it was 1.05%, -6.80% over the last quarter, and -1.61% for the past six months.
Over the past 50 days, Kearny Financial Corp.’s stock is -6.49% off of the high and 3.73% removed from the low. Their 52-Week High and Low are as follows: -8.15% (High), 8.71%, (Low).
Despite the past success, investors want to know where the stock is headed from here. Analysts covering the shares have a consensus short-term price target of $16.17 on the equity. Analysts have a consensus recommendation of 2.30 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.