JPMorgan Chase & Co. Forecasts Strong Price Appreciation for FS KKR Capital (NYSE:FSK) Stock

Key Points

• JPMorgan raised its FS KKR Capital price target from $11.00 to $11.50 but maintained a neutral rating; the target is about 1.67% below the stock’s current price.
• Analyst sentiment is cautious overall: MarketBeat reports a consensus “Reduce” rating and an average $11.50 target, with six Hold ratings and two Sell ratings.
• FS KKR Capital beat quarterly estimates, reporting EPS of $0.46 versus a $0.40 consensus and revenue of $294 million versus estimates of $274.61 million.

FS KKR Capital (NYSE:FSK - Get Free Report) had its target price increased by stock analysts at JPMorgan Chase & Co. from $11.00 to $11.50 in a research note issued on Friday, Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential downside of 1.67% from the stock's current price.

FSK has been the subject of several other reports. Weiss Ratings restated a "sell (d+)" rating on shares of FS KKR Capital in a research note on Friday, August 28th. Wells Fargo & Company downgraded FS KKR Capital from a "sector perform" rating to an "underweight" rating and set a $10.00 target price on the stock. in a report on Tuesday, September 29th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $13.00 price target (up from $11.00) on shares of FS KKR Capital in a research note on Wednesday, August 12th. Truist Financial boosted their price target on FS KKR Capital from $11.00 to $12.00 and gave the stock a "hold" rating in a report on Friday, August 7th. Finally, Capital One Financial set a $12.00 price target on FS KKR Capital in a report on Friday, August 7th. Six analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $11.50.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock opened at $11.70 on Friday. The company has a 50 day moving average of $11.25 and a 200-day moving average of $11.29. FS KKR Capital has a 1-year low of $9.72 and a 1-year high of $16.31. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.25. The company has a market cap of $3.18 billion, a PE ratio of -6.32 and a beta of 0.88.

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

Hedge Funds Weigh In On FS KKR Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Triumph Capital Management increased its position in shares of FS KKR Capital by 98.1% during the second quarter. Triumph Capital Management now owns 2,575 shares of the company's stock worth $27,000 after buying an additional 1,275 shares during the period. Harborfront Financial Group LLC bought a new position in FS KKR Capital during the second quarter worth $30,000. Northwestern Mutual Wealth Management Co. acquired a new position in FS KKR Capital in the second quarter valued at $53,000. Fifth Third Bancorp acquired a new position in FS KKR Capital in the first quarter valued at $65,000. Finally, Continuum Advisory LLC acquired a new position in FS KKR Capital in the second quarter valued at $76,000. Institutional investors own 36.26% of the company's stock.

FS KKR Capital Company Profile

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