JPMorgan Chase & Co. Forecasts Strong Price Appreciation for FS KKR Capital (NYSE:FSK) Stock

FS KKR Capital (NYSE:FSK) had its price objective upped by equities researchers at JPMorgan Chase & Co. from $20.00 to $22.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 5.40% from the company’s previous close.

FSK has been the subject of a number of other research reports. B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research note on Wednesday, December 11th. Wells Fargo & Company reissued an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a research report on Monday, December 2nd. Finally, Royal Bank of Canada lifted their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.63.

FS KKR Capital Price Performance

FSK opened at $23.26 on Monday. FS KKR Capital has a twelve month low of $18.31 and a twelve month high of $23.47. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 12.37 and a beta of 1.25. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a fifty day simple moving average of $21.91 and a 200 day simple moving average of $20.79.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The company had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. During the same period last year, the firm earned $0.80 earnings per share. Equities research analysts expect that FS KKR Capital will post 2.89 EPS for the current fiscal year.

Insider Activity

In other FS KKR Capital news, insider Brian Gerson purchased 5,000 shares of FS KKR Capital stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of $22.08 per share, for a total transaction of $110,400.00. Following the transaction, the insider now owns 15,109 shares in the company, valued at $333,606.72. This represents a 49.46 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders bought 11,500 shares of company stock worth $248,910. 0.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FS KKR Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. McIlrath & Eck LLC boosted its stake in FS KKR Capital by 47.5% in the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after acquiring an additional 675 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of FS KKR Capital in the 4th quarter worth approximately $52,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in FS KKR Capital by 122.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after purchasing an additional 1,520 shares during the period. Roxbury Financial LLC bought a new position in FS KKR Capital during the 4th quarter worth $69,000. Finally, Nomura Asset Management Co. Ltd. increased its position in FS KKR Capital by 164.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock worth $119,000 after buying an additional 3,744 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Company Profile

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.