Royal Bank of Canada Raises FS KKR Capital (NYSE:FSK) Price Target to $21.00

FS KKR Capital (NYSE:FSK) had its target price lifted by stock analysts at Royal Bank of Canada from $20.00 to $21.00 in a report issued on Monday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential downside of 0.99% from the stock’s previous close.

Separately, Wells Fargo & Company lowered their price target on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.06.

FS KKR Capital Price Performance

NYSE:FSK traded up $0.05 during trading hours on Monday, reaching $21.21. The stock had a trading volume of 146,956 shares, compared to its average volume of 1,407,184. The stock has a market capitalization of $5.94 billion, a PE ratio of 11.28 and a beta of 1.25. FS KKR Capital has a 52 week low of $18.31 and a 52 week high of $21.30. The company has a 50 day moving average price of $20.21 and a two-hundred day moving average price of $20.03. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The company had revenue of $441.00 million for the quarter, compared to analysts’ expectations of $423.58 million. During the same quarter in the previous year, the business posted $0.80 earnings per share. As a group, sell-side analysts anticipate that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FSK. Summit Securities Group LLC bought a new position in shares of FS KKR Capital during the 2nd quarter worth $30,000. Ridgewood Investments LLC purchased a new position in FS KKR Capital during the 2nd quarter valued at about $37,000. Rothschild Investment LLC bought a new stake in shares of FS KKR Capital in the 2nd quarter valued at about $39,000. Financial Gravity Asset Management Inc. lifted its position in shares of FS KKR Capital by 198.7% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after purchasing an additional 1,421 shares during the period. Finally, New Millennium Group LLC bought a new position in shares of FS KKR Capital during the second quarter valued at approximately $50,000. 36.26% of the stock is currently owned by institutional investors.

About FS KKR Capital

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.