JPMorgan Chase & Co. Issues Positive Forecast for FS KKR Capital (NYSE:FSK) Stock Price

FS KKR Capital (NYSE:FSK) had its target price increased by JPMorgan Chase & Co. from $11.00 to $11.50 in a report issued on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms also recently weighed in on FSK. Wells Fargo & Company downgraded shares of FS KKR Capital from a “sector perform” rating to an “underweight” rating and set a $10.00 price target for the company. in a research note on Tuesday, September 29th. Capital One Financial set a $12.00 price objective on shares of FS KKR Capital in a report on Friday, August 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of FS KKR Capital in a research report on Friday, August 28th. Royal Bank Of Canada reissued a “sector perform” rating and set a $13.00 price objective (up from $11.00) on shares of FS KKR Capital in a research report on Wednesday, August 12th. Finally, Truist Financial raised their target price on FS KKR Capital from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Six analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $11.50.

FS KKR Capital Price Performance

FS KKR Capital stock opened at $11.70 on Friday. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of -6.32 and a beta of 0.88. FS KKR Capital has a 52-week low of $9.72 and a 52-week high of $16.31. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.23 and a current ratio of 1.23. The stock’s 50 day moving average price is $11.25 and its two-hundred day moving average price is $11.29.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. The company had revenue of $294.00 million during the quarter, compared to analyst estimates of $274.61 million. FS KKR Capital had a negative net margin of 41.75% and a positive return on equity of 9.59%. During the same quarter in the previous year, the business posted $0.57 EPS. On average, equities analysts predict that FS KKR Capital will post 1.69 earnings per share for the current year.

FS KKR Capital Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, December 1st. FS KKR Capital’s payout ratio is currently -95.14%.

Institutional Trading of FS KKR Capital

Several institutional investors and hedge funds have recently modified their holdings of FSK. Triumph Capital Management lifted its holdings in FS KKR Capital by 98.1% during the second quarter. Triumph Capital Management now owns 2,575 shares of the company’s stock worth $27,000 after acquiring an additional 1,275 shares during the period. Harborfront Financial Group LLC purchased a new position in FS KKR Capital in the second quarter worth $30,000. Northwestern Mutual Wealth Management Co. bought a new position in FS KKR Capital in the 2nd quarter valued at $53,000. Fifth Third Bancorp bought a new position in FS KKR Capital in the 1st quarter valued at $65,000. Finally, Continuum Advisory LLC bought a new position in FS KKR Capital in the 2nd quarter valued at $76,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Company Profile