JPMorgan Chase & Co. Raises FS KKR Capital (NYSE:FSK) Price Target to $22.00

FS KKR Capital (NYSE:FSK) had its target price lifted by research analysts at JPMorgan Chase & Co. from $20.00 to $22.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 5.23% from the stock’s current price.

FSK has been the subject of a number of other research reports. Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada lifted their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $20.63.

FS KKR Capital Trading Down 0.7 %

Shares of NYSE FSK traded down $0.18 during midday trading on Monday, reaching $23.22. 1,096,191 shares of the stock were exchanged, compared to its average volume of 1,263,301. The business has a 50-day simple moving average of $21.86 and a two-hundred day simple moving average of $20.75. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 12.35 and a beta of 1.24. FS KKR Capital has a 12 month low of $18.31 and a 12 month high of $23.47.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. During the same quarter in the previous year, the firm posted $0.80 earnings per share. As a group, equities research analysts expect that FS KKR Capital will post 2.89 EPS for the current year.

Insider Activity

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average cost of $21.31 per share, with a total value of $106,550.00. Following the acquisition, the insider now owns 49,800 shares of the company’s stock, valued at $1,061,238. The trade was a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought a total of 11,500 shares of company stock valued at $248,910 in the last quarter. Company insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSK. McIlrath & Eck LLC lifted its stake in shares of FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after buying an additional 675 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of FS KKR Capital during the fourth quarter worth approximately $52,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of FS KKR Capital by 122.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after purchasing an additional 1,520 shares during the last quarter. Roxbury Financial LLC acquired a new stake in FS KKR Capital during the 4th quarter worth approximately $69,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in FS KKR Capital by 164.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock valued at $119,000 after purchasing an additional 3,744 shares during the period. 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.