FS KKR Capital (NYSE:FSK) Rating Lowered to “Underweight” at Wells Fargo & Company

FS KKR Capital (NYSE:FSK) was downgraded by equities researchers at Wells Fargo & Company from an “equal weight” rating to an “underweight” rating in a research note issued on Monday, MarketBeat.com reports. They presently have a $19.00 price target on the stock, down from their prior price target of $21.00. Wells Fargo & Company‘s target price would indicate a potential downside of 10.53% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods increased their price target on FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, March 3rd. Royal Bank of Canada increased their price target on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. increased their price target on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $21.30.

FS KKR Capital Price Performance

Shares of FSK opened at $21.24 on Monday. FS KKR Capital has a 12-month low of $18.33 and a 12-month high of $24.10. The business has a 50-day simple moving average of $22.66 and a two-hundred day simple moving average of $21.44. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock has a market cap of $5.95 billion, a PE ratio of 11.30 and a beta of 1.22.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million. Analysts anticipate that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FS KKR Capital

Several large investors have recently added to or reduced their stakes in FSK. OneAscent Financial Services LLC acquired a new stake in FS KKR Capital during the third quarter worth approximately $245,000. Hilton Capital Management LLC grew its stake in FS KKR Capital by 3.1% during the third quarter. Hilton Capital Management LLC now owns 186,181 shares of the company’s stock worth $3,673,000 after purchasing an additional 5,658 shares during the period. Advisors Asset Management Inc. grew its stake in FS KKR Capital by 18.1% during the third quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock worth $5,023,000 after purchasing an additional 39,086 shares during the period. Concorde Asset Management LLC acquired a new stake in FS KKR Capital during the third quarter worth approximately $218,000. Finally, Meridian Wealth Management LLC bought a new position in FS KKR Capital in the third quarter worth approximately $404,000. 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.