FS Investment (NYSE:FSIC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage presently has a $7.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s target price suggests a potential upside of 16.67% from the stock’s current price.

According to Zacks, “FS Investment Corporation is a business development company. It primarily originates and invests in senior secured loans and other securities of private U.S. companies, with the investment objective of generating current income and, to a lesser extent, long-term capital appreciation. FS Investment Corporation is based in United States. “

Other analysts have also recently issued research reports about the company. National Securities reaffirmed a “buy” rating and issued a $11.00 price target on shares of FS Investment in a research report on Monday, August 13th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $8.00 price target on shares of FS Investment in a research report on Friday, August 10th. Barclays set a $8.00 price target on FS Investment and gave the stock a “hold” rating in a research report on Saturday, November 10th. Wells Fargo & Co cut FS Investment from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 4th. Finally, ValuEngine raised FS Investment from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. FS Investment currently has an average rating of “Hold” and an average target price of $8.25.

FSIC traded down $0.15 during trading on Tuesday, reaching $6.00. 1,813,800 shares of the stock traded hands, compared to its average volume of 1,204,191. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 2.59 and a beta of 0.96. FS Investment has a fifty-two week low of $5.92 and a fifty-two week high of $8.30. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.75.

FS Investment (NYSE:FSIC) last released its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $94.52 million during the quarter, compared to analysts’ expectations of $96.66 million. FS Investment had a positive return on equity of 9.57% and a negative net margin of 3.73%. As a group, sell-side analysts forecast that FS Investment will post 0.8 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in FSIC. Bank of Montreal Can acquired a new stake in shares of FS Investment in the second quarter worth about $23,542,000. Private Advisor Group LLC lifted its position in shares of FS Investment by 209.6% during the 3rd quarter. Private Advisor Group LLC now owns 1,665,192 shares of the financial services provider’s stock worth $11,740,000 after purchasing an additional 1,127,329 shares during the last quarter. LPL Financial LLC lifted its position in shares of FS Investment by 11.5% during the 3rd quarter. LPL Financial LLC now owns 6,421,334 shares of the financial services provider’s stock worth $45,270,000 after purchasing an additional 661,386 shares during the last quarter. Strategic Wealth Advisors Group LLC lifted its position in shares of FS Investment by 232.5% during the 3rd quarter. Strategic Wealth Advisors Group LLC now owns 573,485 shares of the financial services provider’s stock worth $4,043,000 after purchasing an additional 401,028 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its position in shares of FS Investment by 617.9% during the 2nd quarter. Centaurus Financial Inc. now owns 397,170 shares of the financial services provider’s stock worth $2,919,000 after purchasing an additional 341,846 shares during the last quarter. 29.89% of the stock is owned by institutional investors.

FS Investment Company Profile

FS Investment Corporation is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.

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