Ares Capital Corporation (ARCC) : Currently there are 8 street experts covering Ares Capital Corporation (ARCC) stock. The most bullish and bearish price target for the stock is $18 and $15 respectively for the short term. The average price target of all the analysts comes to $16.91. The estimated standard deviation from the target is $1.09.
Ares Capital Corporation (ARCC) : 6 brokerage houses believe that Ares Capital Corporation (ARCC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.14.
Also, UBS maintains its view on Ares Capital Corporation (NASDAQ:ARCC) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. UBS lowers the price target from $19 per share to $17.5 per share on Ares Capital Corporation. The rating by the firm was issued on August 18, 2016.
Ares Capital Corporation (NASDAQ:ARCC): The stock was completely flat for the day, closing at $16.16 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $16.15, the stock touched an intraday high of $16.20 and a low of $16.03. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $16.16. The total trading volume on Thursday was 1,769,116.
Ares Capital Corporation is a specialty finance company that is engaged in closed-end, non-diversified management investment businesses. The Companys investment objective is to generate both current income and capital appreciation through debt and equity investments, investing invest primarily in United States middle-market companies. The Company primarily has three areas of focus: Corporate, non-syndicated senior debt, mezzanine debt and non-control equity to middle-market companies; Project Finance: high yield senior and mezzanine debt to finance power generation projects; Venture Finance, senior secured loans to early-stage and emerging growth companies backed by venture capital firms. The Company invests in sectors, such as Healthcare Services, Business Services, Education, Energy, Restaurants and Food Services, Financial Services among others. The Company is externally managed by its investment adviser, Ares Capital Management LLC.