Royal Bank of Canada Forecasts Strong Price Appreciation for FS KKR Capital (NYSE:FSK) Stock

FS KKR Capital (NYSE:FSK) had its price target boosted by stock analysts at Royal Bank of Canada from $20.00 to $21.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target suggests a potential downside of 2.57% from the stock’s previous close.

Separately, Wells Fargo & Company cut their price objective on 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.06.

FS KKR Capital Price Performance

Shares of NYSE:FSK opened at $21.56 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 11.40 and a beta of 1.25. The business has a 50-day simple moving average of $20.23 and a two-hundred day simple moving average of $20.04. FS KKR Capital has a fifty-two week low of $18.31 and a fifty-two week high of $21.60.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $423.58 million. During the same quarter in the prior year, the firm earned $0.80 earnings per share. On average, analysts expect that FS KKR Capital will post 2.89 earnings per share for the current year.

Institutional Investors Weigh In On FS KKR Capital

A number of institutional investors have recently added to or reduced their stakes in FSK. McIlrath & Eck LLC boosted its stake in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after buying an additional 675 shares during the last quarter. Barclays PLC grew its position in FS KKR Capital by 24.8% in the 3rd quarter. Barclays PLC now owns 327,469 shares of the company’s stock valued at $6,460,000 after acquiring an additional 65,054 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in FS KKR Capital by 164.8% in the 3rd 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. MML Investors Services LLC increased its position in shares of FS KKR Capital by 7.8% during the third quarter. MML Investors Services LLC now owns 396,575 shares of the company’s stock worth $7,824,000 after acquiring an additional 28,734 shares during the period. Finally, Legacy Investment Solutions LLC bought a new stake in FS KKR Capital during the 3rd quarter valued at $7,830,000. 36.26% of the stock is owned by hedge funds and other 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.