FS KKR Capital (NYSE:FSK) Price Target Raised to $12.00

Key Points

• Truist Financial raised FS KKR Capital’s price target from $11.00 to $12.00 while maintaining a “hold” rating, implying only 0.65% upside from the prior close.
• Analyst sentiment remains cautious: six analysts rate the stock “hold” and two rate it “sell,” producing a consensus “Reduce” rating and an average target price of $10.93.
• FS KKR Capital exceeded quarterly expectations, reporting $0.43 in earnings per share versus a $0.42 consensus estimate and $290 million in revenue versus expectations of $286.75 million.

FS KKR Capital (NYSE:FSK - Get Free Report) had its target price boosted by analysts at Truist Financial from $11.00 to $12.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's price objective points to a potential upside of 0.65% from the company's previous close.

A number of other brokerages have also recently weighed in on FSK. Capital One Financial set a $12.00 price target on shares of FS KKR Capital in a research report on Friday. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of FS KKR Capital in a report on Tuesday, June 2nd. Keefe, Bruyette & Woods cut their target price on FS KKR Capital from $15.00 to $11.00 and set a "market perform" rating on the stock in a research report on Thursday, April 16th. Wall Street Zen raised FS KKR Capital from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Zacks Research cut FS KKR Capital from a "hold" rating to a "strong sell" rating in a research report on Monday, July 13th. Six investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $10.93.

FS KKR Capital Price Performance

FSK stock opened at $11.92 on Friday. The business has a 50 day moving average price of $10.72 and a 200 day moving average price of $11.26. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of -6.07 and a beta of 0.83. FS KKR Capital has a fifty-two week low of $9.72 and a fifty-two week high of $18.85. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.38.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.01. The company had revenue of $290.00 million for the quarter, compared to analysts' expectations of $286.75 million. FS KKR Capital had a negative net margin of 38.65% and a positive return on equity of 4.34%. During the same quarter last year, the company earned ($0.75) earnings per share. Equities research analysts anticipate that FS KKR Capital will post 1.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FS KKR Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of FSK. Bison Wealth LLC increased its position in shares of FS KKR Capital by 3.4% during the fourth quarter. Bison Wealth LLC now owns 21,935 shares of the company's stock worth $476,000 after acquiring an additional 720 shares in the last quarter. Acorn Wealth Advisors LLC lifted its position in FS KKR Capital by 1.4% in the 4th quarter. Acorn Wealth Advisors LLC now owns 65,079 shares of the company's stock valued at $964,000 after acquiring an additional 914 shares in the last quarter. Rockport Wealth LLC lifted its position in FS KKR Capital by 9.8% in the 1st quarter. Rockport Wealth LLC now owns 11,367 shares of the company's stock valued at $116,000 after acquiring an additional 1,018 shares in the last quarter. Delta Investment Management LLC boosted its stake in FS KKR Capital by 4.6% in the 4th quarter. Delta Investment Management LLC now owns 24,086 shares of the company's stock worth $357,000 after purchasing an additional 1,049 shares during the period. Finally, Wescott Financial Advisory Group LLC increased its holdings in FS KKR Capital by 3.9% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 28,412 shares of the company's stock worth $421,000 after purchasing an additional 1,079 shares in the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

About FS KKR Capital

FS KKR Capital Corp NYSE: FSK is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.

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