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

FS KKR Capital (NYSE:FSK) had its price objective upped by JPMorgan Chase & Co. from $11.00 to $11.50 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 1.67% from the company’s current price.

Several other analysts have also weighed in on the stock. Capital One Financial set a $12.00 price objective on shares of FS KKR Capital in a research note on Friday, August 7th. Zacks Research upgraded shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Wells Fargo & Company lowered shares of FS KKR Capital from a “sector perform” rating to an “underweight” rating and set a $10.00 target price on the stock. in a research note on Tuesday, September 29th. Weiss Ratings restated a “sell (d+)” rating on shares of FS KKR Capital in a report on Friday, August 28th. Finally, Truist Financial lifted their price target on shares of 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 research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $11.50.

FS KKR Capital Trading Down 0.0%

Shares of FSK stock opened at $11.70 on Friday. The company has a market cap of $3.18 billion, a P/E ratio of -6.32 and a beta of 0.88. The stock has a 50 day simple moving average of $11.25 and a two-hundred day simple moving average of $11.29. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.23 and a current ratio of 1.23. FS KKR Capital has a fifty-two week low of $9.72 and a fifty-two week high of $16.31.

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

Institutional Investors Weigh In On FS KKR Capital

Several hedge funds and other institutional investors have recently modified their holdings of the company. Triumph Capital Management raised its position in shares of 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 purchasing an additional 1,275 shares during the period. Harborfront Financial Group LLC acquired a new stake in FS KKR Capital in the 2nd quarter valued at $30,000. Northwestern Mutual Wealth Management Co. acquired a new stake in FS KKR Capital in the 2nd quarter valued at $53,000. Fifth Third Bancorp acquired a new stake in FS KKR Capital in the 1st quarter valued at $65,000. Finally, Continuum Advisory LLC bought a new stake in FS KKR Capital during the 2nd quarter valued at $76,000. Institutional investors own 36.26% of the company’s stock.

About FS KKR Capital