FS KKR Capital (NYSE:FSK) Stock Rating Lowered by Wells Fargo & Company

FS KKR Capital (NYSE:FSK) was downgraded by stock analysts at Wells Fargo & Company from an “equal weight” rating to an “underweight” rating in a report released on Monday, Marketbeat Ratings reports. They presently have a $19.00 target price on the stock, down from their previous target price of $21.00. Wells Fargo & Company‘s target price indicates a potential downside of 10.53% from the stock’s current price.

A number of other research analysts have also weighed in on FSK. Royal Bank of Canada raised their target price on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods raised their target price on FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. raised their target price on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.30.

FS KKR Capital Stock Down 0.3 %

Shares of NYSE:FSK opened at $21.24 on Monday. The business’s 50 day simple moving average is $22.66 and its two-hundred day simple moving average is $21.44. The firm has a market cap of $5.95 billion, a P/E ratio of 11.30 and a beta of 1.22. 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 has a 52-week low of $18.33 and a 52-week high of $24.10.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $419.97 million. As a group, research analysts forecast that FS KKR Capital will post 2.89 EPS for the current fiscal year.

Institutional Trading of FS KKR Capital

Hedge funds have recently bought and sold shares of the business. Kingswood Wealth Advisors LLC lifted its holdings in FS KKR Capital by 86.3% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock worth $4,878,000 after acquiring an additional 104,016 shares during the period. Inspire Advisors LLC increased its position in FS KKR Capital by 28.6% in the fourth quarter. Inspire Advisors LLC now owns 109,919 shares of the company’s stock worth $2,387,000 after buying an additional 24,443 shares during the last quarter. Proactive Wealth Strategies LLC increased its position in FS KKR Capital by 24.8% in the fourth quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company’s stock worth $1,411,000 after buying an additional 12,926 shares during the last quarter. Advisors Asset Management Inc. increased its position in FS KKR Capital by 18.1% in the third quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock worth $5,023,000 after buying an additional 39,086 shares during the last quarter. Finally, Graypoint LLC increased its position in FS KKR Capital by 23.1% in the fourth quarter. Graypoint LLC now owns 139,504 shares of the company’s stock worth $3,030,000 after buying an additional 26,174 shares during the last quarter. 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.