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.
Ares Capital Corporation (ARCC) : The highest short term price target forecast on Ares Capital Corporation (ARCC) is $18 and the lowest target price is $15. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $16.91 with a standard deviation of $1.09.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the UBS maintains the rating on Ares Capital Corporation (NASDAQ:ARCC). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency lowers the price target from $19 per share to $17.5 per share. The rating by the firm was issued on August 18, 2016.
Ares Capital Corporation (NASDAQ:ARCC): The stock opened at $16.42 and touched an intraday high of $16.43 on Wednesday. During the day, the stock corrected to an intraday low of $16.24, however, the bulls stepped in and pushed the price higher to close in the green at $16.4 with a gain of 0.12% for the day. The total traded volume for the day was 1,910,720. The stock had closed at $16.38 in the previous trading session.
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.