KBW analyst Paul Johnson maintained a Buy rating on Ares Capital (ARCC – Research Report) today and set a price target of $22.00. The company’s shares closed yesterday at $20.85.
According to TipRanks, Johnson is a 2-star analyst with an average return of 6.9% and a 100.00% success rate. Johnson covers the Financial sector, focusing on stocks such as BlackRock TCP Capital, Horizon Technology, and New Mountain Finance.
In addition to KBW, Ares Capital also received a Buy from Compass Point’s Casey Alexander in a report issued yesterday. However, on April 29, Wells Fargo maintained a Hold rating on Ares Capital (NASDAQ: ARCC).
The company has a one-year high of $20.94 and a one-year low of $15.90. Currently, Ares Capital has an average volume of 3.55M.
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Ares Capital (ARCC) Company Description:
Ares Capital Corp. is a closed-end, non-diversified management investment company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company was founded on April 1, 2004 and is headquartered in New York, NY.
