FS KKR Capital (NYSE:FSK) Price Target Cut to $19.00 by Analysts at Keefe, Bruyette & Woods

FS KKR Capital (NYSE:FSK) had its target price reduced by equities researchers at Keefe, Bruyette & Woods from $22.00 to $19.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential downside of 3.31% from the stock’s current price.

A number of other analysts also recently commented on the company. JPMorgan Chase & Co. raised their price objective on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. B. Riley downgraded 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. Wells Fargo & Company downgraded FS KKR Capital from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $21.00 to $19.00 in a research report on Monday, March 17th. Finally, Royal Bank of Canada raised their price objective on FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, FS KKR Capital presently has an average rating of “Hold” and a consensus target price of $20.70.

FS KKR Capital Stock Performance

FSK opened at $19.65 on Tuesday. The company has a market cap of $5.50 billion, a PE ratio of 10.45 and a beta of 0.98. The stock has a 50-day moving average of $21.94 and a 200-day moving average of $21.47. FS KKR Capital has a 52-week low of $17.42 and a 52-week high of $24.10. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

FS KKR Capital (NYSE:FSK) last announced its 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). FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. As a group, equities research analysts forecast that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FS KKR Capital

Hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of FS KKR Capital in the 4th quarter valued at $33,000. Fourth Dimension Wealth LLC bought a new position in shares of FS KKR Capital in the 4th quarter worth $33,000. McIlrath & Eck LLC boosted its position in shares of FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after purchasing an additional 675 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of FS KKR Capital by 194.5% in the 4th 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 position in shares of FS KKR Capital in the 4th quarter worth $52,000. 36.26% of the stock is owned by institutional investors and hedge funds.

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.