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

FS KKR Capital (NYSE:FSK) had its target price reduced by analysts at JPMorgan Chase & Co. from $22.00 to $19.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 5.75% from the stock’s previous close.

FSK has been the topic of several other reports. Wells Fargo & Company lowered shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $21.00 to $19.00 in a research note on Monday, March 17th. Keefe, Bruyette & Woods cut their target price on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada upped their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.10.

FS KKR Capital Trading Up 0.6 %

Shares of FSK opened at $20.16 on Thursday. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 10.72 and a beta of 0.98. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The business’s fifty day moving average is $20.98 and its 200-day moving average is $21.42. FS KKR Capital has a 52-week low of $17.42 and a 52-week high of $24.10.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data 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). The company had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. Equities analysts anticipate that FS KKR Capital will post 2.89 EPS for the current fiscal year.

Institutional Trading of FS KKR Capital

Institutional investors have recently modified their holdings of the business. Generali Asset Management SPA SGR bought a new stake in shares of FS KKR Capital during the 4th quarter valued at $17,608,000. Van ECK Associates Corp raised its stake in shares of FS KKR Capital by 11.7% during the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after acquiring an additional 673,420 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its position in FS KKR Capital by 250.9% during the first quarter. Kingswood Wealth Advisors LLC now owns 788,025 shares of the company’s stock valued at $16,831,000 after buying an additional 563,432 shares during the period. Transce3nd LLC purchased a new stake in FS KKR Capital during the 4th quarter valued at about $11,173,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of FS KKR Capital during the fourth quarter valued at approximately $6,499,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

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.