FS Investment Corporation (FSIC) : 4 analysts are covering FS Investment Corporation (FSIC) and their average rating on the stock is 1.5, which is read as a Strong Buy. 3 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. 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. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
FS Investment Corporation (FSIC) : The most positive equity analysts on FS Investment Corporation (FSIC) expects the shares to touch $10, whereas, the least positive believes that the stock will trade at $10 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $9.83 with an expected fluctuation of $0.29 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, JP Morgan, maintains their rating on the shares of FS Investment Corporation (NYSE:FSIC). JP Morgan has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $9.5 per share from a prior target of $9. The rating by the firm was issued on August 11, 2016.
FS Investment Corporation (NYSE:FSIC): stock was range-bound between the intraday low of $9.75 and the intraday high of $9.9 after having opened at $9.89 on Wednesdays session. The stock finally closed in the red at $9.89, a loss of -0.60%. The stock remained in the red for the whole trading day. The total traded volume was 950,174 shares. The stock failed to cross $9.9 in Wednesdays trading. The stocks closing price on Thursday was $9.92.
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.