Ares Capital Corporation (ARCC) : 7 analysts are covering Ares Capital Corporation (ARCC) and their average rating on the stock is 1.14, which is read as a Strong Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Ares Capital Corporation (ARCC) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.
Ares Capital Corporation (ARCC) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $18 and the lowest price target forecast is $15. The average forecast of all the analysts is $16.91 and the expected standard deviation is $1.09.
Shares of Ares Capital Corporation rose by 3.04% in the last five trading days and 4.19% for the last 4 weeks. Ares Capital Corporation is up 8.92% in the last 3-month period. Year-to-Date the stock performance stands at 17.93%. Ares Capital Corporation (NASDAQ:ARCC): stock turned positive on Tuesday. Though the stock opened at $15.81, the bulls momentum made the stock top out at $15.935 level for the day. The stock recorded a low of $15.78 and closed the trading day at $15.92, in the green by 1.02%. The total traded volume for the day was 1,710,524. The stock had closed at $15.76 in the previous days trading.
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.