FS KKR Capital (NYSE:FSK) Price Target Cut to $18.00 by Analysts at Wells Fargo & Company

FS KKR Capital (NYSE:FSK - Get Free Report) had its price target dropped by research analysts at Wells Fargo & Company from $19.00 to $18.00 in a research report issued on Monday,Benzinga reports. The firm currently has an "underweight" rating on the stock. Wells Fargo & Company's price objective would indicate a potential downside of 11.05% from the company's current price.

Several other research analysts have also recently weighed in on FSK. Keefe, Bruyette & Woods decreased their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada raised their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the company a "sector perform" rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. cut their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $19.90.

FS KKR Capital Stock Performance

Shares of NYSE:FSK traded up $0.07 during trading on Monday, hitting $20.24. 107,482 shares of the company were exchanged, compared to its average volume of 1,912,434. The company has a market cap of $5.67 billion, a PE ratio of 10.76 and a beta of 0.98. FS KKR Capital has a 52-week low of $17.42 and a 52-week high of $24.10. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a 50 day moving average of $20.98 and a 200 day moving average of $21.44.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm had revenue of $407.00 million during the quarter, compared to analysts' expectations of $419.97 million. As a group, equities research analysts predict that FS KKR Capital will post 2.89 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FSK. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of FS KKR Capital during the 4th quarter valued at $33,000. Fourth Dimension Wealth LLC bought a new stake in shares of FS KKR Capital in the 4th quarter valued at about $33,000. McIlrath & Eck LLC boosted its holdings in FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after acquiring an additional 675 shares during the period. Jones Financial Companies Lllp grew its position in FS KKR Capital by 194.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock worth $51,000 after acquiring an additional 1,554 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in FS KKR Capital in the 4th quarter worth approximately $52,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Company Profile

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.

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