FS KKR Capital Corp (FSK) Given $7.00 Average Target Price by Brokerages

Shares of FS KKR Capital Corp (NYSE:FSK) have earned an average broker rating score of 3.00 (Hold) from the three analysts that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold recommendation.

Brokers have set a 12-month consensus price target of $7.00 for the company and are forecasting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned FS KKR Capital an industry rank of 157 out of 256 based on the ratings given to its competitors.

A number of analysts have commented on the stock. Zacks Investment Research lowered shares of FS KKR Capital from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. ValuEngine lowered shares of FS KKR Capital from a “sell” rating to a “strong sell” rating in a research note on Monday, April 1st. National Securities reaffirmed a “buy” rating and set a $10.00 price objective on shares of FS KKR Capital in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. assumed coverage on shares of FS KKR Capital in a research note on Monday, March 11th. They set a “neutral” rating for the company.

In related news, CEO Michael C. Forman purchased 49,100 shares of FS KKR Capital stock in a transaction dated Friday, March 22nd. The stock was acquired at an average cost of $6.08 per share, with a total value of $298,528.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael C. Forman purchased 12,700 shares of FS KKR Capital stock in a transaction dated Wednesday, February 27th. The stock was bought at an average cost of $6.49 per share, with a total value of $82,423.00. The disclosure for this purchase can be found here. Insiders have acquired 247,720 shares of company stock valued at $1,547,333 over the last ninety days. Insiders own 1.07% of the company’s stock.

A hedge fund recently bought a new stake in FS KKR Capital stock. Clarus Wealth Advisors acquired a new position in FS KKR Capital Corp (NYSE:FSK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,608 shares of the company’s stock, valued at approximately $179,000. Hedge funds and other institutional investors own 30.09% of the company’s stock.

NYSE FSK traded up $0.03 on Monday, reaching $6.38. The company’s stock had a trading volume of 1,352,878 shares, compared to its average volume of 1,881,476. FS KKR Capital has a twelve month low of $5.09 and a twelve month high of $8.24. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 2.81 and a beta of 1.14.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, February 27th. The company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. FS KKR Capital had a negative net margin of 37.74% and a positive return on equity of 8.04%. The company had revenue of $103.00 million during the quarter, compared to the consensus estimate of $98.51 million. As a group, research analysts predict that FS KKR Capital will post 0.75 earnings per share for the current year.

FS KKR Capital Company Profile

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.

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