B. Riley Financial Forecasts Strong Price Appreciation for FS KKR Capital (NYSE:FSK) Stock

FS KKR Capital (NYSE:FSK) had its target price raised by research analysts at B. Riley Financial from $11.00 to $12.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. B. Riley Financial‘s price target would suggest a potential upside of 0.67% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Truist Financial raised their price target on shares of FS KKR Capital from $11.00 to $12.00 and gave the company a “hold” rating in a report on Friday, August 7th. Wall Street Zen upgraded shares of FS KKR Capital from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Wells Fargo & Company cut shares of FS KKR Capital from a “sector perform” rating to an “underweight” rating and set a $10.00 price objective for the company. in a research report on Tuesday, September 29th. Capital One Financial set a $12.00 target price on FS KKR Capital in a research note on Friday, August 7th. Finally, Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Six analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, FS KKR Capital has an average rating of “Reduce” and a consensus price target of $11.64.

FS KKR Capital Stock Down 0.4%

Shares of NYSE:FSK opened at $11.92 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.25. FS KKR Capital has a 52-week low of $9.72 and a 52-week high of $16.31. The company has a 50 day moving average of $11.23 and a two-hundred day moving average of $11.27. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of -6.42 and a beta of 0.88.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Thursday, November 5th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. FS KKR Capital had a negative net margin of 41.75% and a positive return on equity of 9.59%. The business had revenue of $294.00 million for the quarter, compared to analysts’ expectations of $274.61 million. During the same period in the previous year, the company posted $0.57 earnings per share. As a group, analysts forecast that FS KKR Capital will post 1.69 earnings per share for the current fiscal year.

Institutional Trading of FS KKR Capital

Institutional investors and hedge funds have recently modified their holdings of the business. Saba Capital Management L.P. acquired a new position in shares of FS KKR Capital in the 1st quarter valued at about $35,729,000. Legal & General Group Plc acquired a new stake in FS KKR Capital during the second quarter worth about $28,742,000. Silver Point Capital L.P. bought a new position in FS KKR Capital in the second quarter worth about $28,602,000. Cura Wealth Advisors LLC bought a new position in FS KKR Capital in the second quarter worth about $22,391,000. Finally, Rivernorth Capital Management LLC boosted its stake in FS KKR Capital by 580.7% in the first quarter. Rivernorth Capital Management LLC now owns 2,097,170 shares of the company’s stock valued at $21,349,000 after acquiring an additional 1,789,090 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 that provides financing to privately held middle-market businesses, primarily in the United States. Its investments include senior secured and subordinated loans, as well as equity and other interests in portfolio companies. The company is externally managed by FS/KKR Advisor, LLC, an investment adviser formed by FS Investments and KKR. FS KKR Capital was created in 2018 through the merger of FS Investment Corporation and Corporate Capital Trust.