FS KKR Capital (NYSE:FSK) PT Lowered to $20.00

FS KKR Capital (NYSE:FSK) had its target price lowered by investment analysts at Keefe, Bruyette & Woods from $22.00 to $20.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 5.04% from the company’s current price.

Several other research firms have also recently commented on FSK. JPMorgan Chase & Co. upped their price target on FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Royal Bank of Canada cut their price target on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a report on Wednesday, February 28th. Hovde Group reaffirmed a “market perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a report on Wednesday, February 28th. Truist Financial lowered their price objective on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, February 28th. Finally, Compass Point lowered FS KKR Capital from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $21.50 to $19.50 in a research note on Tuesday, February 27th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.17.

FS KKR Capital Price Performance

NYSE FSK opened at $19.04 on Tuesday. The stock has a 50-day simple moving average of $19.24 and a 200 day simple moving average of $19.67. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market capitalization of $5.33 billion, a PE ratio of 7.65 and a beta of 1.25. FS KKR Capital has a twelve month low of $17.50 and a twelve month high of $20.99.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $447.00 million during the quarter, compared to analysts’ expectations of $452.39 million. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. During the same quarter in the prior year, the firm posted $0.81 EPS. Research analysts anticipate that FS KKR Capital will post 2.83 EPS for the current year.

Insider Buying and Selling

In other FS KKR Capital news, insider Daniel Pietrzak purchased 7,300 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the transaction, the insider now directly owns 39,800 shares in the company, valued at $745,454. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FS KKR Capital

A number of large investors have recently bought and sold shares of the business. Center for Financial Planning Inc. boosted its position in FS KKR Capital by 147.6% in the 3rd quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company’s stock valued at $39,000 after buying an additional 1,179 shares during the last quarter. Mather Group LLC. bought a new position in FS KKR Capital in the 1st quarter valued at $39,000. Retirement Group LLC bought a new position in FS KKR Capital in the 4th quarter valued at $39,000. Planned Solutions Inc. bought a new position in FS KKR Capital in the 4th quarter valued at $40,000. Finally, Worth Asset Management LLC bought a new position in FS KKR Capital in the 1st quarter valued at $43,000. 36.26% of the stock is currently owned by 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.