JPMorgan Chase & Co. Increases FS KKR Capital (NYSE:FSK) Price Target to $19.00

FS KKR Capital (NYSE:FSK - Get Free Report) had its target price upped by equities researchers at JPMorgan Chase & Co. from $18.00 to $19.00 in a research note issued on Friday, Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential downside of 0.11% from the stock's current price.

FSK has been the subject of a number of other reports. Wells Fargo & Company upped their price target on FS KKR Capital from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Monday, January 29th. Truist Financial reduced their price objective on FS KKR Capital from $22.00 to $20.00 and set a "hold" rating on the stock in a research note on Wednesday, February 28th. Royal Bank of Canada reduced their price target on FS KKR Capital from $21.00 to $20.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 28th. Compass Point cut FS KKR Capital from a "buy" rating to a "neutral" rating and reduced their target price for the company from $21.50 to $19.50 in a report on Tuesday, February 27th. Finally, Hovde Group reissued a "market perform" rating and issued a $20.00 price target on shares of FS KKR Capital in a research note on Wednesday, February 28th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, FS KKR Capital currently has a consensus rating of "Hold" and a consensus target price of $20.19.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock traded down $0.31 during trading hours on Friday, reaching $19.02. The company's stock had a trading volume of 1,244,861 shares, compared to its average volume of 1,756,070. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.88 and a current ratio of 1.88. FS KKR Capital has a one year low of $17.50 and a one year high of $20.99. The company's 50 day simple moving average is $19.32 and its 200 day simple moving average is $19.69. The stock has a market cap of $5.33 billion, a P/E ratio of 7.63 and a beta of 1.25.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The company had revenue of $447.00 million during the quarter, compared to analysts' expectations of $452.39 million. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. During the same period last year, the company posted $0.81 earnings per share. As a group, analysts expect that FS KKR Capital will post 2.83 EPS for the current fiscal year.

Insider Buying and Selling

In other FS KKR Capital news, insider Daniel Pietrzak purchased 7,300 shares of FS KKR Capital stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of $18.73 per share, for a total transaction of $136,729.00. Following the completion of the acquisition, the insider now owns 39,800 shares in the company, valued at approximately $745,454. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is owned by company insiders.

Hedge Funds Weigh In On FS KKR Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Center for Financial Planning Inc. boosted its holdings in FS KKR Capital by 147.6% in the 3rd quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company's stock worth $39,000 after buying an additional 1,179 shares during the last quarter. Mather Group LLC. acquired a new position in shares of FS KKR Capital in the first quarter worth $39,000. Retirement Group LLC purchased a new position in FS KKR Capital in the fourth quarter valued at $39,000. Planned Solutions Inc. purchased a new position in shares of FS KKR Capital during the fourth quarter worth about $40,000. Finally, Worth Asset Management LLC acquired a new stake in shares of FS KKR Capital during the first quarter worth about $43,000. Hedge funds and other institutional investors own 36.26% of the company's stock.

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.