FS Investment Corporation (FSIC) : 2 brokerage houses believe that FS Investment Corporation (FSIC) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on FS Investment Corporation (FSIC). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 4 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
FS Investment Corporation (FSIC) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $10 and the lowest price target forecast is $9. The average forecast of all the analysts is $9.5 and the expected standard deviation is $0.5.
Also, Barclays downgrades its rating on FS Investment Corporation (NYSE:FSIC). The global brokerage major lowers the current price target from $10 per share to $9 per share. Analysts at the Barclays have a current rating of Equal-weight on the shares. The shares were previously rated Overweight. The rating by the firm was issued on September 7, 2016.
FS Investment Corporation (NYSE:FSIC): After opening at $9.52, the stock dipped to an intraday low of $9.48 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $9.62 and the buying power remained strong till the end. The stock closed at $9.6 for the day, a gain of 1.27% for the day session. The total traded volume was 636,781. The stocks close on the previous trading day was $9.48.
FS Investment Corporation is a non-diversified, closed-end management investment company. The Companys investment objectives are to generate current income and a long-term capital appreciation. Its portfolio consists of investments in senior secured loans and second lien secured loans of private middle market United States companies and subordinated loans of private United States companies. The Company focuses on purchasing interests in loans or making other debt investments, including investments in senior secured bonds, through secondary market transactions in the over-the-counter market or directly from companies it is focused on, as primary market or directly originated investments. It also focuses on purchasing interests in the form of common or preferred equity or the equity-related securities. Its investment activities are managed by FB Income Advisor, LLC. FB Advisor has engaged GSO/Blackstone Debt Funds Management LLC (GDFM), to act as its investment sub-adviser.