Ares Capital Co. (NASDAQ:ARCC) has been given a consensus recommendation of “Buy” by the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $18.00.
ARCC has been the subject of several recent analyst reports. TheStreet raised shares of Ares Capital from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. Compass Point initiated coverage on shares of Ares Capital in a report on Wednesday, December 6th. They issued a “buy” rating and a $17.50 target price for the company. National Securities reissued a “buy” rating and set a $19.00 price objective on shares of Ares Capital in a report on Friday, November 3rd. Jefferies Group reissued a “buy” rating and set a $19.50 price objective on shares of Ares Capital in a report on Friday, November 3rd. Finally, Keefe, Bruyette & Woods set a $19.00 price objective on shares of Ares Capital and gave the company a “buy” rating in a report on Friday, October 6th.
In related news, Director Michael J. Arougheti acquired 8,365 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was purchased at an average cost of $15.85 per share, with a total value of $132,585.25. Following the completion of the acquisition, the director now directly owns 937,054 shares of the company’s stock, valued at $14,852,305.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 8,965 shares of company stock valued at $142,315 over the last three months. 0.45% of the stock is owned by corporate insiders.
Shares of Ares Capital (ARCC) traded down $0.01 during trading on Tuesday, reaching $15.79. 1,621,840 shares of the company’s stock traded hands, compared to its average volume of 1,902,375. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $6,730.00, a PE ratio of 12.53, a PEG ratio of 3.37 and a beta of 0.63. Ares Capital has a twelve month low of $15.60 and a twelve month high of $17.87.
Ares Capital (NASDAQ:ARCC) last issued its earnings results on Thursday, November 2nd. The investment management company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $294.00 million during the quarter, compared to analysts’ expectations of $295.02 million. Ares Capital had a net margin of 45.78% and a return on equity of 8.60%. During the same period in the previous year, the company earned $0.43 earnings per share. research analysts forecast that Ares Capital will post 1.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.52 annualized dividend and a dividend yield of 9.63%. Ares Capital’s payout ratio is 120.63%.
WARNING: This piece of content was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://www.chaffeybreeze.com/2018/01/05/ares-capital-co-arcc-receives-18-00-consensus-target-price-from-brokerages.html.
Ares Capital Company Profile
Ares Capital Corporation is a specialty finance company. The Company operates as 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. It invests primarily in the United States middle-market companies.
Receive News & Ratings for Ares Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Capital and related companies with MarketBeat.com's FREE daily email newsletter.