FS KKR Capital Corp. [FSK] Stock Forecast

Prior to August 31, 2023, my Readers mentioned 37 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: PFE, PBR, O, T, BRSP, BTI, PRB.A, VOD, WBA, and MITT, averaged 48.7% net gains from reader data collected 8/18/23. Ten analyst-target-augured August TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: MMM, KHC, BRSP, T, O, PFE, BTI, VOD, WBA, & MITT boasting a 46.54% average target price upside estimate.

FS KKR Capital stock is still trading at a steep discount against its NAV despite the remarkable recovery from its 2022 lows. Its forward dividend yield of more than 14% supports its best-in-class "A" valuation grade. FSK's solid price action indicates that FSK isn't a value trap but is priced with unjustified pessimism.

FS KKR Capital Corp is the 2nd largest BDC by net assets and market cap, making it a popular choice among income investors. FSK delivered strong Q2 results, beating consensus estimates for net investment income and total investment income. FSK's portfolio and distribution yield make it an attractive investment, especially as the Fed considers easing rates.

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FSK is paying its common shareholders a 12.7% base dividend yield that was 122% covered by its fiscal 2023 second quarter adjusted net investment income. The BDC is currently swapping hands at a 19% discount to its net asset value. NAV per share of $24.69 did decline sequentially on the back of special distributions and adjusted NII that was flat versus the first quarter.

Inflation for the latest quarter came in at 3.2%, slightly lower than expected. The Dividend Harvesting Portfolio has performed well, delivering consistent cash flow and mitigating downside risk. Dividend income from various investment baskets has increased, with the goal of generating $1,000 per month in the future.

Despite strong earnings from Amazon and Apple, the markets finished the week in the red. The Dividend Harvesting Portfolio finished its 6th consecutive week in the black, with a 4.59% profit on invested capital. The portfolio is generating consistent cash flow, has a high single-digit yield, and is currently in positive territory.

Improvement in total investment income and decent portfolio activity support FS KKR Capital's (FSK) Q2 earnings.

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The headline numbers for FS KKR Capital (FSK) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

FS KKR Capital Corp. is a US stock , located in Philadelphia of Pa and trading under the symbol FSK

3 stock analysts have 3 predictions with a medium analyst target price of $20.33. The lowest prediction is $19.5 and the highest is $21

FS KKR Capital Corp. stock price is $19.9666 today.

Yes, FS KKR Capital Corp. is a publicly traded company.