Wells Fargo & Company Upgrades FS KKR Capital (NYSE:FSK) to Equal Weight

Key Points

• FS KKR Capital has been upgraded by Wells Fargo from a "strong sell" to a "hold" rating, following various analyst reports reflecting mixed sentiments on the stock.
• JPMorgan Chase lowered its target price for FS KKR Capital from $18.00 to $15.00, while Royal Bank of Canada also cut its price objective from $21.00 to $18.00.
• As of now, FS KKR Capital has a consensus rating of "Reduce" from analysts with an average target price of $17.75.

FS KKR Capital (NYSE:FSK - Get Free Report) was upgraded by equities research analysts at Wells Fargo & Company from an "underweight" rating to an "equal weight" rating in a research note issued to investors on Monday, Marketbeat reports. The firm currently has a $15.00 price objective on the stock. Wells Fargo & Company's target price would indicate a potential upside of 2.11% from the company's previous close.

Other equities analysts have also issued research reports about the company. Wall Street Zen upgraded FS KKR Capital from a "sell" rating to a "hold" rating in a research note on Friday. Zacks Research upgraded shares of FS KKR Capital to a "strong sell" rating in a report on Friday, August 8th. Keefe, Bruyette & Woods dropped their price objective on shares of FS KKR Capital from $19.00 to $18.50 and set a "market perform" rating on the stock in a research note on Tuesday, August 12th. Weiss Ratings reissued a "hold (c-)" rating on shares of FS KKR Capital in a research note on Saturday, September 27th. Finally, JPMorgan Chase & Co. lowered their target price on FS KKR Capital from $18.00 to $15.00 and set a "neutral" rating for the company in a report on Wednesday, October 1st. Seven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $17.75.

FS KKR Capital Stock Performance

Shares of NYSE:FSK opened at $14.69 on Monday. The firm's 50 day simple moving average is $17.50 and its 200-day simple moving average is $19.58. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 2.40. FS KKR Capital has a one year low of $14.66 and a one year high of $24.10. The firm has a market cap of $4.11 billion, a PE ratio of 18.83 and a beta of 0.94.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($1.23). The firm had revenue of $398.00 million during the quarter, compared to the consensus estimate of $402.00 million. FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.During the same period last year, the company earned $0.75 EPS. As a group, equities analysts predict that FS KKR Capital will post 2.89 EPS for the current year.

Institutional Trading of FS KKR Capital

A number of institutional investors have recently bought and sold shares of FSK. Atlantic Union Bankshares Corp acquired a new position in FS KKR Capital during the 2nd quarter valued at approximately $26,000. Beacon Capital Management Inc. purchased a new stake in shares of FS KKR Capital during the second quarter valued at $26,000. Flaharty Asset Management LLC acquired a new position in shares of FS KKR Capital in the 1st quarter valued at $29,000. Trust Co. of Vermont raised its stake in FS KKR Capital by 51.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,525 shares of the company's stock worth $32,000 after acquiring an additional 515 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in FS KKR Capital during the 1st quarter worth about $34,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

About FS KKR Capital

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.