Brokerages Set FS KKR Capital Corp. (NYSE:FSK) Target Price at $17.50

Shares of FS KKR Capital Corp. (NYSE:FSK) have received an average rating of “Hold” from the eight brokerages that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold rating. The average 1 year target price among brokerages that have covered the stock in the last year is $17.50.

Several research analysts have recently weighed in on FSK shares. Keefe, Bruyette & Woods lowered their price target on shares of FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Zacks Research upgraded shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 10th. Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Royal Bank Of Canada reduced their price target on shares of FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Friday, November 14th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a research report on Thursday, January 22nd.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock opened at $13.34 on Friday. The business’s 50 day moving average price is $14.40 and its 200 day moving average price is $15.70. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 13.75 and a beta of 0.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.30 and a current ratio of 1.30. FS KKR Capital has a one year low of $12.65 and a one year high of $24.10.

Institutional Trading of FS KKR Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Atlantic Union Bankshares Corp acquired a new position in FS KKR Capital in the second quarter valued at about $26,000. Beacon Capital Management Inc. purchased a new stake in shares of FS KKR Capital in the 2nd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of FS KKR Capital in the 4th quarter worth approximately $26,000. Jessup Wealth Management Inc purchased a new position in shares of FS KKR Capital during the 4th quarter worth approximately $26,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of FS KKR Capital during the 4th quarter worth approximately $28,000. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Company Profile

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.