FS KKR Capital (NYSE:FSK) PT Raised to $19.00 at JPMorgan Chase & Co.

FS KKR Capital (NYSE:FSK) had its target price lifted by stock analysts at JPMorgan Chase & Co. from $18.00 to $19.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 0.05% from the company’s previous close.

Several other research firms have also commented on FSK. Hovde Group reiterated a “market perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a research note on Wednesday, February 28th. Royal Bank of Canada decreased their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 28th. Compass Point lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $21.50 to $19.50 in a research note on Tuesday, February 27th. Wells Fargo & Company increased their price objective on shares of 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. Finally, Truist Financial decreased their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, February 28th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.19.

FS KKR Capital Price Performance

FSK stock opened at $19.01 on Friday. The stock has a market capitalization of $5.32 billion, a PE ratio of 7.63 and a beta of 1.25. The company’s 50-day moving average is $19.29 and its 200-day moving average is $19.68. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88. FS KKR Capital has a 1 year low of $17.50 and a 1 year high of $20.99.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. The company had revenue of $447.00 million for the quarter, compared to analysts’ expectations of $452.39 million. During the same quarter in the prior year, the firm earned $0.81 EPS. Equities research 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 acquired 7,300 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average cost of $18.73 per share, with a total value of $136,729.00. Following the acquisition, the insider now owns 39,800 shares in the company, valued at $745,454. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Mather Group LLC. bought a new stake in shares of FS KKR Capital during the 1st quarter worth $39,000. Center for Financial Planning Inc. lifted its holdings in shares of FS KKR Capital by 147.6% during the 3rd quarter. Center for Financial Planning Inc. now owns 1,978 shares of the company’s stock worth $39,000 after acquiring an additional 1,179 shares during the last quarter. Planned Solutions Inc. bought a new stake in shares of FS KKR Capital during the 4th quarter worth $40,000. Worth Asset Management LLC bought a new stake in shares of FS KKR Capital during the 1st quarter worth $43,000. Finally, Retirement Group LLC bought a new stake in shares of FS KKR Capital during the 4th quarter worth $39,000. 36.26% of the stock is owned by 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.