Keefe, Bruyette & Woods Has Lowered Expectations for FS KKR Capital (NYSE:FSK) Stock Price

FS KKR Capital (NYSE:FSK) had its price objective decreased by equities researchers at Keefe, Bruyette & Woods from $22.00 to $19.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential downside of 3.31% from the stock’s current price.

Several other equities analysts have also weighed in on FSK. Royal Bank of Canada lifted their price objective on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company lowered FS KKR Capital from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $21.00 to $19.00 in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.70.

FS KKR Capital Stock Up 9.5 %

Shares of NYSE:FSK opened at $19.65 on Tuesday. The stock’s 50-day moving average price is $21.94 and its two-hundred day moving average price is $21.47. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital has a 12-month low of $17.42 and a 12-month high of $24.10. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 10.45 and a beta of 0.98.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. On average, research analysts forecast that FS KKR Capital will post 2.89 EPS for the current year.

Institutional Investors Weigh In On FS KKR Capital

A number of institutional investors and hedge funds have recently modified their holdings of FSK. Benjamin Edwards Inc. raised its position in shares of FS KKR Capital by 62.0% during the third quarter. Benjamin Edwards Inc. now owns 10,566 shares of the company’s stock worth $208,000 after purchasing an additional 4,043 shares during the period. Stifel Financial Corp raised its position in shares of FS KKR Capital by 8.6% during the third quarter. Stifel Financial Corp now owns 292,496 shares of the company’s stock worth $5,771,000 after purchasing an additional 23,101 shares during the period. XTX Topco Ltd raised its position in shares of FS KKR Capital by 39.2% during the third quarter. XTX Topco Ltd now owns 30,263 shares of the company’s stock worth $597,000 after purchasing an additional 8,522 shares during the period. MML Investors Services LLC raised its position in shares of FS KKR Capital by 7.8% during the third quarter. MML Investors Services LLC now owns 396,575 shares of the company’s stock worth $7,824,000 after purchasing an additional 28,734 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in FS KKR Capital by 164.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock valued at $119,000 after buying an additional 3,744 shares during the period. 36.26% of the stock is owned by institutional investors and hedge funds.

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.