Palmer Square Capital BDC (NYSE:PSBD) Coverage Initiated at Janney Montgomery Scott

Stock analysts at Janney Montgomery Scott assumed coverage on shares of Palmer Square Capital BDC (NYSE:PSBD) in a research note issued on Monday, Marketbeat.com reports. The firm set a “neutral” rating and a $17.50 price target on the stock. Janney Montgomery Scott’s price objective indicates a potential upside of 4.17% from the stock’s current price.

A number of other analysts also recently commented on the company. Bank of America began coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They issued a “neutral” rating and a $16.50 price objective for the company. JPMorgan Chase & Co. initiated coverage on Palmer Square Capital BDC in a research note on Monday, February 12th. They issued an “overweight” rating and a $17.00 target price for the company. Citigroup initiated coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They issued a “buy” rating and a $17.00 price target on the stock. UBS Group initiated coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They issued a “neutral” rating and a $16.50 price target on the stock. Finally, Royal Bank of Canada initiated coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They issued an “outperform” rating and a $17.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Palmer Square Capital BDC currently has an average rating of “Moderate Buy” and a consensus target price of $16.93.

Palmer Square Capital BDC Stock Up 0.7 %

NYSE:PSBD opened at $16.80 on Monday. The firm’s 50 day moving average is $16.31. Palmer Square Capital BDC has a 12-month low of $15.27 and a 12-month high of $17.12.

Palmer Square Capital BDC (NYSE:PSBD) last announced its earnings results on Wednesday, February 28th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. Palmer Square Capital BDC had a return on equity of 23.31% and a net margin of 96.09%. The company had revenue of $29.82 million for the quarter, compared to analyst estimates of $29.78 million. Equities analysts expect that Palmer Square Capital BDC will post 1.9 EPS for the current fiscal year.

About Palmer Square Capital BDC

Palmer Square Capital BDC Inc is an externally managed, non-diversified closed-end management investment company which primarily lends to and invests in corporate debt securities, including small to large private U.S. companies and has elected to be regulated as a business development company. Palmer Square Capital BDC Inc is based in MISSION WOODS, Kan.