FS KKR Capital Corp. (NYSE:FSK) Stock Has Average Price Target of $11.50 According to Brokerages

Key Points

• Analyst sentiment is cautious: Eight analysts average a “Reduce” recommendation, with two sells and six holds; the average one-year price target is $11.50.
• FS KKR Capital beat quarterly expectations, reporting EPS of $0.46 versus a $0.40 consensus and revenue of $294 million versus estimates of $274.61 million.
• The company declared a $0.20 special dividend, payable December 15 to shareholders of record on December 1.

FS KKR Capital Corp. (NYSE:FSK - Get Free Report) has earned an average recommendation of "Reduce" from the eight analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $11.50.

A number of research firms recently weighed in on FSK. JPMorgan Chase & Co. raised their price target on shares of FS KKR Capital from $11.00 to $11.50 and gave the company a "neutral" rating in a research report on Friday. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $13.00 price target (up from $11.00) on shares of FS KKR Capital in a research report on Wednesday, August 12th. Truist Financial lifted their price objective on FS KKR Capital from $11.00 to $12.00 and gave the stock a "hold" rating in a report on Friday, August 7th. Zacks Research upgraded shares of FS KKR Capital from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of FS KKR Capital in a research note on Friday, August 28th.

Institutional Trading of FS KKR Capital

A number of institutional investors have recently added to or reduced their stakes in the stock. M Holdings Securities Inc. bought a new position in FS KKR Capital in the 3rd quarter valued at $471,000. StoneX Group Inc. bought a new position in shares of FS KKR Capital in the third quarter worth $222,000. GraniteShares Advisors LLC raised its position in shares of FS KKR Capital by 39.7% in the third quarter. GraniteShares Advisors LLC now owns 264,098 shares of the company's stock worth $2,902,000 after buying an additional 75,031 shares in the last quarter. Soltis Investment Advisors LLC raised its position in shares of FS KKR Capital by 5.5% in the third quarter. Soltis Investment Advisors LLC now owns 41,186 shares of the company's stock worth $453,000 after buying an additional 2,154 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. boosted its stake in FS KKR Capital by 8.8% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 255,705 shares of the company's stock valued at $2,810,000 after buying an additional 20,781 shares during the period. Hedge funds and other institutional investors own 36.26% of the company's stock.

FS KKR Capital Trading Up 1.1%

FSK opened at $11.82 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.28 and a quick ratio of 2.28. FS KKR Capital has a fifty-two week low of $9.72 and a fifty-two week high of $16.31. The firm has a market capitalization of $3.27 billion, a PE ratio of -6.39 and a beta of 0.88. The company's 50-day moving average is $11.24 and its 200 day moving average is $11.28.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. The business had revenue of $294.00 million for the quarter, compared to analysts' expectations of $274.61 million. FS KKR Capital had a negative net margin of 28.52% and a positive return on equity of 9.70%. During the same quarter last year, the firm earned $0.57 EPS. As a group, research analysts predict that FS KKR Capital will post 1.69 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The business also recently declared a special dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a $0.20 dividend. The ex-dividend date is Tuesday, December 1st. FS KKR Capital's payout ratio is -95.14%.

About FS KKR Capital

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