JPMorgan Chase & Co. Lowers FS KKR Capital (NYSE:FSK) Price Target to $15.00

Key Points

• JPMorgan Chase & Co. has lowered its price target for FS KKR Capital from $18.00 to $15.00, maintaining a "neutral" rating on the stock.
• Wells Fargo also cut its price target on FS KKR Capital to $15.00 while deeming it "underweight"; additional downgrades have been issued by other analysts.
• FS KKR Capital reported an EPS loss of ($0.60) that missed analysts' estimates, contributing to its current market dynamics.

FS KKR Capital (NYSE:FSK - Get Free Report) had its price objective cut by investment analysts at JPMorgan Chase & Co. from $18.00 to $15.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 0.57% from the stock's previous close.

Several other equities research analysts also recently commented on FSK. Wells Fargo & Company dropped their target price on FS KKR Capital from $18.00 to $15.00 and set an "underweight" rating on the stock in a report on Friday, August 8th. Wall Street Zen downgraded FS KKR Capital from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Royal Bank Of Canada dropped their price objective on FS KKR Capital from $21.00 to $18.00 and set a "sector perform" rating on the stock in a report on Tuesday, August 26th. Keefe, Bruyette & Woods dropped their price target on shares of FS KKR Capital from $19.00 to $18.50 and set a "market perform" rating for the company in a research note on Tuesday, August 12th. Finally, Zacks Research raised shares of FS KKR Capital to a "strong sell" rating in a report on Friday, August 8th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $17.75.

FS KKR Capital Trading Down 0.1%

FSK traded down $0.02 on Wednesday, reaching $14.92. 940,880 shares of the company's stock were exchanged, compared to its average volume of 1,844,593. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 19.10 and a beta of 0.95. 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 twelve month low of $14.81 and a twelve month high of $24.10. The company's 50 day moving average is $18.08 and its 200-day moving average is $19.75.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($1.23). FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. The business had revenue of $398.00 million during the quarter, compared to analysts' expectations of $402.00 million. During the same period in the prior year, the business posted $0.75 EPS. Equities analysts predict that FS KKR Capital will post 2.89 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Trust Co. of Vermont raised its stake in shares of FS KKR Capital by 51.0% during the second quarter. Trust Co. of Vermont now owns 1,525 shares of the company's stock valued at $32,000 after purchasing an additional 515 shares in the last quarter. Kathmere Capital Management LLC boosted its holdings in shares of FS KKR Capital by 1.4% in the first quarter. Kathmere Capital Management LLC now owns 41,258 shares of the company's stock valued at $864,000 after acquiring an additional 562 shares in the last quarter. CFO4Life Group LLC lifted its position in FS KKR Capital by 3.0% in the second quarter. CFO4Life Group LLC now owns 20,081 shares of the company's stock worth $417,000 after purchasing an additional 578 shares during the period. West Michigan Advisors LLC increased its position in shares of FS KKR Capital by 1.5% during the 2nd quarter. West Michigan Advisors LLC now owns 41,194 shares of the company's stock valued at $884,000 after purchasing an additional 591 shares during the period. Finally, Transce3nd LLC raised its stake in shares of FS KKR Capital by 3.5% in the 2nd quarter. Transce3nd LLC now owns 17,426 shares of the company's stock worth $362,000 after buying an additional 591 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company's stock.

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.

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