Wells Fargo & Company Has Lowered Expectations for FS KKR Capital (NYSE:FSK) Stock Price

FS KKR Capital (NYSE:FSK) had its price target reduced by investment analysts at Wells Fargo & Company from $11.00 to $10.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential downside of 6.85% from the company’s current price.

FSK has been the subject of a number of other research reports. Truist Financial decreased their price target on shares of FS KKR Capital from $17.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, March 4th. Weiss Ratings cut shares of FS KKR Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, March 5th. B. Riley Financial decreased their price target on shares of FS KKR Capital from $17.50 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Royal Bank Of Canada decreased their price target on shares of FS KKR Capital from $15.00 to $13.00 and set a “sector perform” rating for the company in a research note on Monday, April 6th. Finally, Zacks Research upgraded shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $10.58.

FS KKR Capital Trading Down 0.4%

Shares of FS KKR Capital stock opened at $10.74 on Tuesday. The company has a fifty day simple moving average of $10.59 and a 200-day simple moving average of $13.15. FS KKR Capital has a 12-month low of $9.72 and a 12-month high of $22.68. The company has a current ratio of 2.00, a quick ratio of 3.05 and a debt-to-equity ratio of 1.38. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of -5.45 and a beta of 0.85.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Monday, May 11th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.03). FS KKR Capital had a negative net margin of 38.65% and a positive return on equity of 4.34%. The company had revenue of $304.00 million during the quarter, compared to analyst estimates of $316.81 million. During the same quarter in the previous year, the company posted $0.65 EPS. The company’s quarterly revenue was down 24.0% on a year-over-year basis. On average, equities analysts forecast that FS KKR Capital will post 1.7 EPS for the current fiscal year.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak bought 5,000 shares of FS KKR Capital stock in a transaction dated Friday, February 27th. The stock was bought at an average price of $11.25 per share, for a total transaction of $56,250.00. Following the purchase, the insider owned 64,800 shares of the company’s stock, valued at approximately $729,000. The trade was a 8.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Institutional Trading of FS KKR Capital

Several hedge funds have recently made changes to their positions in the company. Aries Wealth Management lifted its stake in shares of FS KKR Capital by 3.1% in the 3rd quarter. Aries Wealth Management now owns 23,565 shares of the company’s stock worth $352,000 after acquiring an additional 700 shares during the period. Bison Wealth LLC lifted its stake in shares of FS KKR Capital by 3.4% in the 4th quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock worth $476,000 after acquiring an additional 720 shares during the period. Kathmere Capital Management LLC lifted its stake in shares of FS KKR Capital by 2.5% in the 4th quarter. Kathmere Capital Management LLC now owns 37,305 shares of the company’s stock worth $552,000 after acquiring an additional 900 shares during the period. Acorn Wealth Advisors LLC lifted its stake in shares of FS KKR Capital by 1.4% in the 4th quarter. Acorn Wealth Advisors LLC now owns 65,079 shares of the company’s stock worth $964,000 after acquiring an additional 914 shares during the period. Finally, Rockport Wealth LLC lifted its stake in shares of FS KKR Capital by 9.8% in the 1st quarter. Rockport Wealth LLC now owns 11,367 shares of the company’s stock worth $116,000 after acquiring an additional 1,018 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

Key FS KKR Capital News

Here are the key news stories impacting FS KKR Capital this week:

• Positive Sentiment: KKR Alternative Assets said it intends to launch a cash tender offer for up to $150 million of FS KKR Capital common stock, which could provide some support to the share price by creating buyback-like demand. KKR Alternative Assets L.P. Announces Intention to Commence Cash Tender Offer
• Neutral Sentiment: Zacks published a valuation-focused note asking whether FSK is undervalued, which may keep the stock on value screens but does not appear to change fundamentals on its own. Is FS KKR Capital Corp. (FSK) Stock Undervalued Right Now?
• Neutral Sentiment: Several law firms issued class-action deadline reminders after a securities lawsuit was filed, adding legal overhang but largely repeating the same complaint and deadlines rather than introducing new facts. FS KKR CAPITAL ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed
• Negative Sentiment: FS KKR Capital’s latest quarterly results missed expectations, with EPS and revenue both below analyst estimates, while revenue fell sharply year over year; that weak operating update is a key reason the stock is down. FS KKR Capital (FSK) shares drop after Q1 earnings and revenue miss expectations
• Negative Sentiment: The company also cut its dividend by about 7% and reported weaker net asset value, reinforcing concerns about earnings power and distribution sustainability. FS KKR stock down as Q1 net asset value falls below expectations, dividend cut by ~7%
• Negative Sentiment: Wells Fargo lowered its price target on FSK to $10 from $11 and kept an equal-weight rating, signaling reduced near-term upside expectations. FS KKR Capital (NYSE:FSK) Given New $10.00 Price Target at Wells Fargo & Company

FS KKR Capital Company Profile

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.