Ares Capital Corporation (NASDAQ:ARCC)
Citigroup Initiates Coverage On Ares Capital Corporation (NASDAQ:ARCC)’s stock to Buy with the price target of $19. This rating was issued on 8/23/18. The stock recently closed its previous session at $16.38 by showing a percentage change of -1.33% from its previous day closing price of $16.6.
Price Target is basically a projection of future price of a company’s stock by the expert analysis of investment analysts or investment firms. There may be various price targets for a stock. These analysts and investment firms use various valuation methods to decide a price target for a stock.
Several investment firms issued their expert ratings on Ares Capital Corporation (NASDAQ:ARCC) in which JMP Securities Maintains Ares Capital Corporation (NASDAQ:ARCC) to Market Outperform by settling a price target of $18.5 on 6/04/18. JP Morgan Maintains the stock to Overweight on 4/11/18 by stationing a price target of $17. Compass Point Initiates Coverage On the company’s stock to Buy on 12/06/17 by setting a price target of $17.5. Wedbush Initiates Coverage On Ares Capital Corporation (NASDAQ:ARCC) to Outperform with a price target of $18.
Ares Capital Corporation (NASDAQ:ARCC) currently has a consensus Price Target of $18.44. While some analysts have a High Price target for the stock of $20 and a Low Price Target of $17.
Several sell side analysts reviewed their recommendations on Ares Capital Corporation (NASDAQ:ARCC) where 7 analyst have rated the stock as Strong Buy, 6 analysts said it’s a Buy, 4 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (Current Month Yahoo Finance Ratings)
Zacks Investment Research also rated the stock with a value of 1.42. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.
In the last Quarter, Ares Capital Corporation (NASDAQ:ARCC) reported its Actual EPS of $0.39/share. The analysts offering Earnings Estimates for the company were believing that Ares Capital Corporation (NASDAQ:ARCC) could bring EPS of $0.39/share. The difference between Actual EPS and Estimated EPS was 0 Percent. Thus the company showed an Earnings Surprise of 0 Percent.
Ares Capital Corporation (NASDAQ:ARCC) has a market capitalization of 6.98 Billion. The stock traded with the volume of 2.9 Million shares in the last trading session. The stock touched its high share price of $17.58 on 09/04/18 and the stock also touched its Lowest price in the last 52-weeks of trading on 02/06/18 as $15.03. The company has a 1 Year high price target of $18.47. The stock is currently trading with a distance of 20-Day Simple Moving Average (SMA20) of -4.38%. The Moving Average SMA50 is -5.22% while SMA200 is -0.63%.
Ares Capital Corporation (NASDAQ:ARCC) is currently showing its ROA (Return on Assets) of 7%. The Return on Investment (ROI) is at 4.2% while it’s Return on Equity (ROE) value stands at 12.1%. The stock currently shows its YTD (Year to Date) performance of 4.2 percent while its Weekly performance value is -2.85%. The Monthly and Yearly performances are -5.75 percent and -1.03 percent respectively. The Relative Volume value measured for Ares Capital Corporation (NASDAQ:ARCC) is 1.9. The Average Volume (3 months) is 1.53 Million.
The stock currently has its Annual Dividend of $1.56 and an annual Dividend Yield of 9.52 Percent. ARCC has P/E (Price to Earnings ttm) value of 8.05, Forward P/E of 9.7, P/C (Price to cash per share) of 13.78 and Price to Free Cash Flow (P/FCF) value of 24.18. The stock is showing its Operating Margin of 49.6 percent.
ARES CAPITAL CORPORATION is a specialty finance company that is a closed-end, non-diversified management investment company. Ares Capital Corporation has elected to be regulated as a business development company under the Investment Company Act of 1940. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. Ares Capital Corporation invests primarily in first and second lien senior loans and mezzanine debt, which in some cases includes an equity component, and, to a lesser extent, in equity investments in private U.S. middle market companies.