FS KKR Capital (NYSE:FSK) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

FS KKR Capital (NYSE:FSK) had its target price lifted by investment analysts at JPMorgan Chase & Co. from $11.00 to $11.50 in a report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 1.67% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $13.00 price target (up from $11.00) on shares of FS KKR Capital in a research note on Wednesday, August 12th. Truist Financial upped their price target on shares of FS KKR Capital from $11.00 to $12.00 and gave the company a “hold” rating in a report on Friday, August 7th. Wall Street Zen upgraded FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FS KKR Capital in a research note on Friday, August 28th. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $11.50.

FS KKR Capital Stock Performance

NYSE:FSK opened at $11.70 on Friday. The firm has a market capitalization of $3.18 billion, a PE ratio of -6.32 and a beta of 0.88. The stock’s fifty day moving average is $11.25 and its 200 day moving average is $11.29. FS KKR Capital has a fifty-two week low of $9.72 and a fifty-two week high of $16.31. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.23 and a current ratio of 1.23.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. The company had revenue of $294.00 million during the quarter, compared to analyst estimates of $274.61 million. FS KKR Capital had a negative net margin of 41.75% and a positive return on equity of 9.59%. During the same period in the previous year, the firm earned $0.57 earnings per share. On average, sell-side analysts anticipate that FS KKR Capital will post 1.69 earnings per share for the current year.

Institutional Investors Weigh In On FS KKR Capital

Large investors have recently added to or reduced their stakes in the stock. Beacon Financial Advisory LLC raised its holdings in shares of FS KKR Capital by 1.7% in the 2nd quarter. Beacon Financial Advisory LLC now owns 61,266 shares of the company’s stock valued at $643,000 after purchasing an additional 1,000 shares in the last quarter. Diligent Investors LLC boosted its stake in shares of FS KKR Capital by 4.0% during the third quarter. Diligent Investors LLC now owns 29,741 shares of the company’s stock valued at $327,000 after purchasing an additional 1,147 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of FS KKR Capital by 6.1% during the third quarter. IFP Advisors Inc now owns 20,966 shares of the company’s stock valued at $230,000 after purchasing an additional 1,210 shares in the last quarter. Triumph Capital Management boosted its stake in shares of FS KKR Capital by 98.1% during the second quarter. Triumph Capital Management now owns 2,575 shares of the company’s stock valued at $27,000 after purchasing an additional 1,275 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of FS KKR Capital by 8.9% during the second quarter. Allworth Financial LP now owns 16,700 shares of the company’s stock valued at $175,000 after purchasing an additional 1,369 shares in the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

About FS KKR Capital