FS KKR Capital (NYSE:FSK) Price Target Lowered to $18.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has cut its price target for FS KKR Capital from $21.00 to $18.00, maintaining a "sector perform" rating.
• Other brokerages have also lowered their ratings, with Wells Fargo setting a target of $15.00 and Zacks Research deeming it a "strong sell."
• FS KKR Capital reported a significant earnings miss in its recent quarter, posting a loss of ($0.60) per share versus an expected profit of $0.63.

FS KKR Capital (NYSE:FSK - Get Free Report) had its target price reduced by research analysts at Royal Bank Of Canada from $21.00 to $18.00 in a note issued to investors on Tuesday, MarketBeat reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price points to a potential downside of 1.23% from the stock's previous close.

Other equities analysts have also issued reports about the stock. Oppenheimer reduced their target price on shares of FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating for the company in a research note on Friday, May 9th. B. Riley initiated coverage on shares of FS KKR Capital in a research note on Tuesday, May 13th. They issued a "neutral" rating and a $19.00 target price for the company. Wells Fargo & Company reduced their target price on shares of FS KKR Capital from $18.00 to $15.00 and set an "underweight" rating for the company in a research note on Friday, August 8th. Wall Street Zen lowered shares of FS KKR Capital from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Keefe, Bruyette & Woods reduced their target price 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. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $18.42.

FS KKR Capital Stock Up 1.3%

Shares of FSK stock traded up $0.24 on Tuesday, hitting $18.23. The stock had a trading volume of 1,365,865 shares, compared to its average volume of 2,660,159. FS KKR Capital has a twelve month low of $17.35 and a twelve month high of $24.10. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40. The company has a fifty day moving average price of $20.14 and a two-hundred day moving average price of $20.70.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $402.00 million. FS KKR Capital had a net margin of 13.24% and a return on equity of 6.24%. During the same period last year, the firm earned $0.75 EPS. As a group, research analysts expect that FS KKR Capital will post 2.89 earnings per share for the current 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 the business. Centaurus Financial Inc. grew its holdings in FS KKR Capital by 178.4% during the second quarter. Centaurus Financial Inc. now owns 24,001 shares of the company's stock worth $498,000 after purchasing an additional 15,380 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of FS KKR Capital during the second quarter worth approximately $565,000. TT Capital Management LLC increased its holdings in shares of FS KKR Capital by 10.1% during the second quarter. TT Capital Management LLC now owns 77,322 shares of the company's stock worth $1,604,000 after purchasing an additional 7,078 shares during the period. Newbridge Financial Services Group Inc. increased its holdings in shares of FS KKR Capital by 78.8% during the second quarter. Newbridge Financial Services Group Inc. now owns 33,781 shares of the company's stock worth $701,000 after purchasing an additional 14,884 shares during the period. Finally, Advisory Services Network LLC boosted its position in shares of FS KKR Capital by 39.6% during the 2nd quarter. Advisory Services Network LLC now owns 19,171 shares of the company's stock worth $401,000 after acquiring an additional 5,443 shares in the last quarter. 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.