Truist Financial analyst Mark Hughes maintained a Buy rating on Ares Capital (ARCC – Research Report) on October 24 and set a price target of $21.00. The company’s shares closed yesterday at $18.90.
Hughes covers the Financial sector, focusing on stocks such as Brown & Brown, Encore Capital, and MidCap Financial Investment Corporation. According to TipRanks, Hughes has an average return of 13.1% and a 62.04% success rate on recommended stocks.
In addition to Truist Financial, Ares Capital also received a Buy from RBC Capital’s Kenneth Lee in a report issued yesterday. However, on October 24, Wells Fargo maintained a Hold rating on Ares Capital (NASDAQ: ARCC).
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The company has a one-year high of $19.79 and a one-year low of $15.94. Currently, Ares Capital has an average volume of 2.93M.
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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.
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