JPMorgan Chase & Co. Raises FS KKR Capital (NYSE:FSK) Price Target to $19.00

FS KKR Capital (NYSE:FSK) had its price target raised by JPMorgan Chase & Co. from $18.00 to $19.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 0.05% from the stock’s current price.

Several other equities analysts also recently issued reports on the company. Royal Bank of Canada cut their price objective on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 28th. Truist Financial cut their price objective on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, February 28th. Compass Point downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and cut their price objective for the company from $21.50 to $19.50 in a research report on Tuesday, February 27th. Wells Fargo & Company lifted their price objective on FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Finally, Hovde Group restated a “market perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, February 28th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.19.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $19.01 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market capitalization of $5.32 billion, a PE ratio of 7.63 and a beta of 1.25. FS KKR Capital has a one year low of $17.50 and a one year high of $20.99. The business has a 50 day simple moving average of $19.29 and a 200 day simple moving average of $19.68.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. The business had revenue of $447.00 million during the quarter, compared to the consensus estimate of $452.39 million. During the same quarter last year, the company earned $0.81 EPS. On average, sell-side analysts forecast that FS KKR Capital will post 2.83 EPS for the current fiscal year.

Insider Activity at FS KKR Capital

In related news, insider Daniel Pietrzak acquired 7,300 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of $18.73 per share, for a total transaction of $136,729.00. Following the completion of the acquisition, the insider now owns 39,800 shares of the company’s stock, valued at approximately $745,454. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FSK. US Bancorp DE grew its holdings in shares of FS KKR Capital by 23.1% during the first quarter. US Bancorp DE now owns 7,993 shares of the company’s stock worth $182,000 after buying an additional 1,500 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of FS KKR Capital by 120.5% during the first quarter. PNC Financial Services Group Inc. now owns 7,064 shares of the company’s stock worth $161,000 after buying an additional 3,861 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of FS KKR Capital by 4.9% during the first quarter. Great West Life Assurance Co. Can now owns 89,841 shares of the company’s stock worth $2,181,000 after buying an additional 4,157 shares in the last quarter. Ergoteles LLC bought a new position in shares of FS KKR Capital during the first quarter worth about $414,000. Finally, Symphony Financial Ltd. Co. boosted its position in FS KKR Capital by 11.9% during the first quarter. Symphony Financial Ltd. Co. now owns 31,470 shares of the company’s stock valued at $718,000 after purchasing an additional 3,359 shares during the last quarter. 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.