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

FS KKR Capital (NYSE:FSK) was downgraded by investment analysts at Wells Fargo & Company from an “equal weight” rating to an “underweight” rating in a note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $19.00 price objective on the stock, down from their prior price objective of $21.00. Wells Fargo & Company‘s target price would suggest a potential downside of 11.38% from the company’s previous close.

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

FS KKR Capital Stock Performance

NYSE:FSK opened at $21.44 on Monday. FS KKR Capital has a twelve month low of $18.33 and a twelve month high of $24.10. The company has a market cap of $6.00 billion, a P/E ratio of 11.40 and a beta of 1.22. 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’s 50-day moving average price is $22.68 and its 200-day moving average price is $21.43.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share 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 company had revenue of $407.00 million for the quarter, compared to analyst estimates of $419.97 million. On average, sell-side analysts forecast that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

Institutional Trading of FS KKR Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in shares of FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock valued at $139,469,000 after buying an additional 673,420 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in FS KKR Capital by 2.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company’s stock valued at $94,989,000 after acquiring an additional 91,192 shares during the period. LPL Financial LLC grew its position in FS KKR Capital by 3.5% in the 4th quarter. LPL Financial LLC now owns 3,583,642 shares of the company’s stock valued at $77,837,000 after acquiring an additional 119,593 shares in the last quarter. Ameriprise Financial Inc. increased its stake in FS KKR Capital by 8.1% during the fourth quarter. Ameriprise Financial Inc. now owns 1,418,903 shares of the company’s stock worth $30,827,000 after purchasing an additional 106,641 shares during the period. Finally, Transcend Capital Advisors LLC lifted its position in shares of FS KKR Capital by 10.3% during the fourth quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock worth $29,862,000 after purchasing an additional 128,856 shares in the last quarter. Hedge funds and other institutional investors 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.