Ares Capital Corporation (ARCC) : The consensus on Ares Capital Corporation (ARCC) based on 7 analyst recommendation on the company stock is 1.14, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future.
Ares Capital Corporation (ARCC) : The most positive equity analysts on Ares Capital Corporation (ARCC) expects the shares to touch $18, whereas, the least positive believes that the stock will trade at $15 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $16.91 with an expected fluctuation of $1.09 from the mean.
Also, In a research note released to the investors, UBS maintains its rating on Ares Capital Corporation (NASDAQ:ARCC).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, UBS lowers the new 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): After opening at $15.28, the stock dipped to an intraday low of $15.26 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $15.605 and the buying power remained strong till the end. The stock closed at $15.5 for the day, a gain of 1.51% for the day session. The total traded volume was 2,562,848. The stocks close on the previous trading day was $15.27.
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.