FS KKR Capital (NYSE:FSK) Price Target Raised to $22.00

FS KKR Capital (NYSE:FSK - Get Free Report) had its price objective raised by equities researchers at Keefe, Bruyette & Woods from $21.00 to $22.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' target price points to a potential downside of 1.19% from the stock's current price.

A number of other research firms have also recently commented on FSK. B. Riley cut shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price target for the company. in a research note on Wednesday, December 11th. Wells Fargo & Company restated an "equal weight" rating and set a $21.00 price target on shares of FS KKR Capital in a research report on Monday, December 2nd. Royal Bank of Canada upped their price objective on FS KKR Capital from $21.00 to $22.00 and gave the stock a "sector perform" rating in a report on Monday. Finally, JPMorgan Chase & Co. increased their price objective 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. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, FS KKR Capital has a consensus rating of "Hold" and an average price target of $21.70.

FS KKR Capital Stock Performance

Shares of NYSE FSK traded down $0.39 during midday trading on Monday, hitting $22.27. The company's stock had a trading volume of 1,774,882 shares, compared to its average volume of 1,369,955. The stock has a fifty day moving average price of $22.66 and a 200 day moving average price of $21.31. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 11.84 and a beta of 1.22. FS KKR Capital has a one year low of $18.31 and a one year high of $24.10. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in FS KKR Capital in the 4th quarter worth about $33,000. Fourth Dimension Wealth LLC bought a new position in FS KKR Capital in the fourth quarter valued at about $33,000. McIlrath & Eck LLC lifted its holdings in 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 acquiring an additional 675 shares during the period. Jones Financial Companies Lllp boosted its position in FS KKR Capital by 194.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock worth $51,000 after purchasing an additional 1,554 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of FS KKR Capital during the 4th quarter valued at about $52,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

About FS KKR Capital

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.