Breaking Finance News

A statement released earlier today by Zacks Investment Research about Ares Capital Corporation (NASDAQ:ARCC) bumps the target price to $18.00

Boasting a price of $16.02, Ares Capital Corporation (NASDAQ:ARCC) traded 0.12% higher on the day. With the last stock price close up 5.55% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Ares Capital Corporation has recorded a 50-day average of $15.46 and a two hundred day average of $15.20. Volume of trade was down over the average, with 1,645,743 shares of ARCC changing hands under the typical 2,143,050

Stating a potential upside of 0.12%, Zacks Investment Research upped the price target of Ares Capital Corporation (NASDAQ:ARCC) to $18.00

Performance Chart

Ares Capital Corporation (NASDAQ:ARCC)

With a total market value of $0, Ares Capital Corporation has with a one year low of $12.31 and a one year high of $16.43 .

A total of 15 equity analysts have released a ratings update on ARCC. Three equity analysts rating the company a strong buy, nine equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $16.48.

Brief Synopsis About Ares Capital Corporation (NASDAQ:ARCC)

Ares Capital Corporation is a specialty finance company that is a closed-end, non-diversified management investment company. The Company's investment objective is to generate both current income and capital appreciation through debt and equity investments. The Company invests primarily in the United States middle-market companies. The Company invests in first lien senior secured loans (including unitranche loans, which are loans that combine both senior and mezzanine debt, generally in a first lien position), second lien senior secured loans and mezzanine debt, which in some cases includes an equity component. The Company focuses on self-originating most of its investments by pursuing an array of investment opportunities in middle-market companies, venture capital backed businesses and power generation projects across multiple channels. It also makes preferred and/or common equity investments. The Company is externally managed by its investment advisor, Ares Capital Management LLC.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *