FS KKR Capital (NYSE:FSK) Rating Lowered to Underweight at Wells Fargo & Company

FS KKR Capital (NYSE:FSK - Get Free Report) was downgraded by stock analysts at Wells Fargo & Company from an "equal weight" rating to an "underweight" rating in a research note issued on Monday, Marketbeat Ratings reports. They presently have a $19.00 target price on the stock, down from their previous target price of $21.00. Wells Fargo & Company's price objective would indicate a potential downside of 8.18% from the stock's previous close.

Other equities research analysts have also recently issued reports about the stock. B. Riley cut shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price objective for the company. in a research report on Wednesday, December 11th. Royal Bank of Canada lifted their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods increased their price objective on FS KKR Capital from $21.00 to $22.00 and gave the stock a "market perform" rating in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. lifted their target price on FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $21.30.

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FS KKR Capital Price Performance

NYSE FSK traded up $0.22 during trading hours on Monday, hitting $20.69. 6,615,171 shares of the company's stock traded hands, compared to its average volume of 1,367,088. The company has a market capitalization of $5.80 billion, a PE ratio of 11.01 and a beta of 1.22. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital has a 52-week low of $18.53 and a 52-week high of $24.10. The firm's 50-day moving average is $22.62 and its 200-day moving average is $21.43.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The company had revenue of $407.00 million for the quarter, compared to analysts' expectations of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. Equities analysts forecast that FS KKR Capital will post 2.89 EPS for the current fiscal year.

Institutional Investors Weigh In On FS KKR Capital

Institutional investors and hedge funds have recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in FS KKR Capital in the 4th quarter valued at about $33,000. Fourth Dimension Wealth LLC purchased a new position in shares of FS KKR Capital in the fourth quarter valued at approximately $33,000. McIlrath & Eck LLC grew its holdings in shares of FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after purchasing an additional 675 shares in the last quarter. Jones Financial Companies Lllp increased its stake in FS KKR Capital by 194.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock worth $51,000 after buying an additional 1,554 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in FS KKR Capital during the 4th quarter worth approximately $52,000. Hedge funds and other institutional investors own 36.26% of the company's stock.

FS KKR Capital Company Profile

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.