In a report released on January 19, Kenneth Lee from RBC Capital maintained a Buy rating on Main Street Capital (MAIN – Research Report), with a price target of $48.00. The company’s shares opened today at $44.42.
According to TipRanks, Lee is a top 100 analyst with an average return of 15.8% and a 67.70% success rate. Lee covers the Financial sector, focusing on stocks such as Invesco, Ameriprise Financial, and Federated Hermes.
The word on The Street in general, suggests a Hold analyst consensus rating for Main Street Capital with a $45.25 average price target.
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Based on Main Street Capital’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $5.4 million and a net profit of $103.26 million. In comparison, last year the company earned a revenue of $62.45 million and had a net profit of $55.34 million
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Main Street Capital (MAIN) Company Description:
Main Street Capital Corp. is a business development company. The fund focuses on providing customized debt and equity financing solutions to lower middle market companies. The company’s portfolio investments are made to support management buyouts, recapitalizations, growth financings, refinancing and acquisitions of companies annual revenues between $10 million and $150 million. It offers financing alternatives to entrepreneurs, business owners and management teams. Main Street Capital was founded on March 09, 2007 and is headquartered in Houston, TX.
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