Royal Bank Of Canada Lowers FS KKR Capital (NYSE:FSK) Price Target to $15.00

FS KKR Capital (NYSE:FSK) had its price objective lowered by analysts at Royal Bank Of Canada from $17.00 to $15.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 36.67% from the stock’s current price.

A number of other research analysts have also issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of FS KKR Capital in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Wells Fargo & Company decreased their target price on shares of FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday. Keefe, Bruyette & Woods dropped their price target on shares of FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Finally, Zacks Research upgraded shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 10th. Eight investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, FS KKR Capital presently has a consensus rating of “Hold” and a consensus price target of $16.50.

FS KKR Capital Price Performance

NYSE FSK traded down $0.32 on Friday, hitting $10.98. The stock had a trading volume of 7,105,644 shares, compared to its average volume of 3,103,113. The company’s 50-day moving average is $13.98 and its two-hundred day moving average is $15.29. FS KKR Capital has a one year low of $10.87 and a one year high of $23.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.30 and a quick ratio of 1.30.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). FS KKR Capital had a return on equity of 5.12% and a net margin of 0.72%.The business had revenue of $348.00 million for the quarter, compared to analyst estimates of $361.59 million. During the same quarter in the prior year, the firm posted $0.66 earnings per share. On average, equities analysts predict that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FS KKR Capital

A number of institutional investors and hedge funds have recently modified their holdings of FSK. Atlantic Union Bankshares Corp acquired a new stake in shares of FS KKR Capital during the second quarter worth $26,000. Beacon Capital Management Inc. purchased a new position in FS KKR Capital in the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in FS KKR Capital during the 4th quarter worth about $26,000. Jessup Wealth Management Inc acquired a new stake in FS KKR Capital during the 4th quarter worth about $26,000. Finally, FNY Investment Advisers LLC purchased a new stake in FS KKR Capital during the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

About FS KKR Capital

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.