FS KKR Capital Corp Surpasses Analyst Price Target: What It Means for Investors
In the latest trading session, shares of FS KKR Capital Corp (Symbol: FSK) have topped the average analyst 12-month price target of $21.10, trading at $21.22 per share. When a stock hits this target, analysts typically face two options: downgrade their valuation or raise their target price. Their response often depends on recent business developments affecting the stock’s performance. If the outlook for the company improves, analysts may find it justifiable to increase their price targets.
Currently, there are 10 different analyst targets for FS KKR Capital Corp within the Zacks coverage universe. This average is a composite of various perspectives, and it’s important to note that individual targets vary. For instance, one analyst has a target price set at $19.50, while another is much more optimistic, setting a target at $24.00. The standard deviation among these targets stands at $1.264.
The purpose of examining the average FSK price target stems from the “wisdom of crowds” concept. It highlights the collective input from multiple analysts rather than adhering to a single viewpoint. With FSK now exceeding the average target of $21.10, investors are prompted to reevaluate the company. They need to consider whether this is merely a stepping stone to an even higher target or if the valuation has become overstretched, warranting a potential reduction in their holdings. Below is a table detailing the latest insights from analysts covering FS KKR Capital Corp:
| Recent FSK Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 1 | 3 | 3 | 3 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 10 | 8 | 8 | 8 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.82 | 2.45 | 2.45 | 2.45 |
The average rating in the table above is scored from 1 to 5, where 1 indicates a Strong Buy and 5 denotes a Strong Sell. This article incorporates data from Zacks Investment Research via Quandl.com. For the latest Zacks research report on FSK, you can access it for free.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
