B. Riley Financial Issues Positive Forecast for FS KKR Capital (NYSE:FSK) Stock Price

Key Points

• B. Riley Financial raised its price target for FS KKR Capital from $11 to $12 but kept a neutral rating, implying just 0.67% upside from the prior close.
• Analyst sentiment remains cautious: six analysts rate the stock Hold and two Sell, producing a consensus “Reduce” rating and an average target of $11.64.
• FS KKR Capital reported quarterly EPS of $0.46, beating the $0.40 estimate, and revenue of $294 million, above the $274.61 million consensus.

FS KKR Capital (NYSE:FSK - Get Free Report) had its price objective hoisted by equities research analysts at B. Riley Financial from $11.00 to $12.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the stock. B. Riley Financial's price target would indicate a potential upside of 0.67% from the stock's previous close.

A number of other equities analysts have also weighed in on FSK. Zacks Research upgraded shares of FS KKR Capital from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 11th. Wall Street Zen raised FS KKR Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Capital One Financial set a $12.00 target price on FS KKR Capital in a report on Friday, August 7th. Wells Fargo & Company downgraded FS KKR Capital from a "sector perform" rating to an "underweight" rating and set a $10.00 price target for the company. in a research report on Tuesday, September 29th. Finally, Truist Financial upped their price target on FS KKR Capital from $11.00 to $12.00 and gave the stock a "hold" rating in a research note on Friday, August 7th. Six equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $11.64.

FS KKR Capital Trading Down 0.4%

Shares of FSK stock opened at $11.92 on Wednesday. The firm's 50-day simple moving average is $11.23 and its 200-day simple moving average is $11.27. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.23 and a quick ratio of 1.23. FS KKR Capital has a 1-year low of $9.72 and a 1-year high of $16.31. The firm has a market cap of $3.24 billion, a P/E ratio of -6.42 and a beta of 0.88.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. FS KKR Capital had a negative net margin of 41.75% and a positive return on equity of 9.59%. The firm had revenue of $294.00 million during the quarter, compared to the consensus estimate of $274.61 million. During the same period in the previous year, the firm earned $0.57 earnings per share. As a group, equities analysts forecast that FS KKR Capital will post 1.69 EPS for the current year.

Hedge Funds Weigh In On FS KKR Capital

A number of hedge funds have recently made changes to their positions in the business. Beacon Financial Advisory LLC boosted its position in FS KKR Capital by 1.7% during the 2nd quarter. Beacon Financial Advisory LLC now owns 61,266 shares of the company's stock worth $643,000 after purchasing an additional 1,000 shares during the period. Diligent Investors LLC raised its position in FS KKR Capital by 4.0% in the third quarter. Diligent Investors LLC now owns 29,741 shares of the company's stock valued at $327,000 after purchasing an additional 1,147 shares during the period. IFP Advisors Inc raised its position in FS KKR Capital by 6.1% in the third quarter. IFP Advisors Inc now owns 20,966 shares of the company's stock valued at $230,000 after purchasing an additional 1,210 shares during the period. Triumph Capital Management raised its position in FS KKR Capital by 98.1% in the second quarter. Triumph Capital Management now owns 2,575 shares of the company's stock valued at $27,000 after purchasing an additional 1,275 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of FS KKR Capital by 8.9% during the second quarter. Allworth Financial LP now owns 16,700 shares of the company's stock worth $175,000 after purchasing an additional 1,369 shares in the last quarter. 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 that provides financing to privately held middle-market businesses, primarily in the United States. Its investments include senior secured and subordinated loans, as well as equity and other interests in portfolio companies. The company is externally managed by FS/KKR Advisor, LLC, an investment adviser formed by FS Investments and KKR. FS KKR Capital was created in 2018 through the merger of FS Investment Corporation and Corporate Capital Trust.

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