FS KKR Capital Corp. (NYSE:FSK) Stock Has Average Target Price of $11.50 According to Analysts

Shares of FS KKR Capital Corp. (NYSE:FSK) have received an average recommendation of “Reduce” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $11.64.

Several equities analysts have recently commented on FSK shares. JPMorgan Chase & Co. upped their target price on FS KKR Capital from $11.00 to $11.50 and gave the company a “neutral” rating in a research report on Friday, November 6th. Wells Fargo & Company cut FS KKR Capital from a “sector perform” rating to an “underweight” rating and set a $10.00 price target for the company. in a report on Tuesday, September 29th. B. Riley Financial boosted their price target on FS KKR Capital from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday. Truist Financial upped their price objective on FS KKR Capital from $11.00 to $12.00 and gave the company a “hold” rating in a report on Friday, August 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of FS KKR Capital in a research report on Friday, August 28th.

FS KKR Capital Stock Performance

FSK opened at $11.62 on Tuesday. 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 12-month low of $9.72 and a 12-month high of $16.31. The business has a 50 day moving average of $11.21 and a 200-day moving average of $11.24. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 6.53 and a beta of 0.88.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.46 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 the consensus estimate 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 period in the previous year, the company earned $0.57 earnings per share. On average, equities research analysts expect that FS KKR Capital will post 1.70 earnings per share for the current year.

FS KKR Capital Dividend Announcement

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

Hedge Funds Weigh In On FS KKR Capital

A number of hedge funds have recently added to or reduced their stakes in the stock. Beacon Financial Advisory LLC lifted its position in shares of FS KKR Capital by 1.7% during the 2nd quarter. Beacon Financial Advisory LLC now owns 61,266 shares of the company’s stock valued at $643,000 after acquiring an additional 1,000 shares during the period. Diligent Investors LLC grew its holdings in shares of FS KKR Capital by 4.0% during the 3rd quarter. Diligent Investors LLC now owns 29,741 shares of the company’s stock worth $327,000 after purchasing an additional 1,147 shares in the last quarter. IFP Advisors Inc increased its position in shares of FS KKR Capital by 6.1% in the third quarter. IFP Advisors Inc now owns 20,966 shares of the company’s stock worth $230,000 after purchasing an additional 1,210 shares during the period. Triumph Capital Management increased its position in shares of FS KKR Capital by 98.1% in 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. Finally, Allworth Financial LP increased its position in shares of FS KKR Capital by 8.9% in the second quarter. Allworth Financial LP now owns 16,700 shares of the company’s stock worth $175,000 after purchasing an additional 1,369 shares during the period. Institutional investors own 36.26% of the company’s stock.

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.