FS KKR Capital Corp. (NYSE:FSK) Receives $10.58 Consensus Target Price from Analysts

FS KKR Capital Corp. (NYSE:FSKGet Free Report) has earned a consensus recommendation of “Reduce” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $10.5833.

Several equities analysts have commented on FSK shares. B. Riley Financial decreased their target price on shares of FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Wells Fargo & Company decreased their target price on shares of FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 12th. Truist Financial decreased their target price on shares of FS KKR Capital from $17.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, March 4th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $11.00 target price on shares of FS KKR Capital in a report on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of FS KKR Capital from $15.00 to $11.00 and set a “market perform” rating on the stock in a report on Thursday, April 16th.

View Our Latest Research Report on FSK

Institutional Investors Weigh In On FS KKR Capital

A number of institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its holdings in FS KKR Capital by 1.7% during the 1st quarter. NewEdge Advisors LLC now owns 139,978 shares of the company’s stock worth $1,425,000 after acquiring an additional 2,347 shares during the last quarter. Bank of America Corp DE grew its holdings in FS KKR Capital by 221.0% during the 1st quarter. Bank of America Corp DE now owns 416,171 shares of the company’s stock worth $4,237,000 after acquiring an additional 286,541 shares during the last quarter. Rivernorth Capital Management LLC grew its holdings in FS KKR Capital by 580.7% during the 1st quarter. Rivernorth Capital Management LLC now owns 2,097,170 shares of the company’s stock worth $21,349,000 after acquiring an additional 1,789,090 shares during the last quarter. Infrastructure Capital Advisors LLC bought a new stake in FS KKR Capital during the 1st quarter worth approximately $102,000. Finally, Saba Capital Management L.P. bought a new stake in FS KKR Capital during the 1st quarter worth approximately $35,729,000. 36.26% of the stock is owned by institutional investors.

FS KKR Capital Stock Performance

NYSE FSK opened at $10.28 on Friday. The firm has a 50-day moving average of $10.81 and a 200-day moving average of $12.29. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market cap of $2.88 billion, a PE ratio of -5.22 and a beta of 0.83. FS KKR Capital has a 52-week low of $9.72 and a 52-week high of $22.68.

FS KKR Capital (NYSE:FSKGet Free Report) last announced its earnings results on Monday, May 11th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). FS KKR Capital had a positive return on equity of 4.34% and a negative net margin of 38.65%.The business had revenue of $304.00 million for the quarter, compared to the consensus estimate of $316.81 million. During the same period in the prior year, the business posted $0.65 earnings per share. The firm’s revenue for the quarter was down 24.0% compared to the same quarter last year. On average, sell-side analysts anticipate that FS KKR Capital will post 1.66 EPS for the current year.

FS KKR Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Wednesday, June 17th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.68 annualized dividend and a dividend yield of 16.4%. FS KKR Capital’s payout ratio is -85.28%.

FS KKR Capital Company Profile

(Get Free Report)

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.

See Also

Analyst Recommendations for FS KKR Capital (NYSE:FSK)

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