StockNews.com assumed coverage on shares of Ares Capital (NASDAQ:ARCC – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the investment management company’s stock.
Several other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. dropped their price target on Ares Capital from $21.00 to $20.50 and set an “overweight” rating on the stock in a research report on Wednesday, February 8th. Citigroup upped their price target on Ares Capital from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, February 8th. Finally, JMP Securities reissued a “market outperform” rating and set a $23.00 price target on shares of Ares Capital in a research report on Monday, March 13th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.71.
Ares Capital Stock Performance
Ares Capital stock opened at $17.43 on Thursday. The stock has a market cap of $9.26 billion, a P/E ratio of 14.53 and a beta of 1.01. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.29. The stock has a 50 day moving average of $19.20 and a 200-day moving average of $18.93. Ares Capital has a 52 week low of $16.53 and a 52 week high of $22.65.
Institutional Investors Weigh In On Ares Capital
Ares Capital Company Profile
Ares Commercial Finance provides asset-based cash flow solutions to small and middle-market companies. ACF works with borrowers to deliver creative, flexible, and comprehensive financing solutions. Ares Commercial Finance has the ability to structure and agent deals to support the growth and changing capital needs of clients.
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