KBW Has Just Reaffirmed $18.5 Target Price Per Share on Ares Capital Corp (NASDAQ:ARCC) stock, While They’ve Also Reiterated Their Buy Rating

December 8, 2017 - By Richard Conner

 KBW Has Just Reaffirmed $18.5 Target Price Per Share on Ares Capital Corp (NASDAQ:ARCC) stock, While They’ve Also Reiterated Their Buy Rating

Investors sentiment decreased to 1.13 in 2017 Q2. Its down 0.38, from 1.51 in 2017Q1. It worsened, as 63 investors sold Ares Capital Corporation shares while 88 reduced holdings. 43 funds opened positions while 127 raised stakes. 170.64 million shares or 4.44% less from 178.56 million shares in 2017Q1 were reported.

Tci Wealth Advisors holds 525 shares. Van Eck accumulated 2.31M shares. Partnervest Advisory Svcs Ltd Llc stated it has 103,186 shares or 0.76% of all its holdings. Credit Suisse Ag accumulated 35,141 shares. Buckhead Mngmt Limited Liability Corp holds 0.27% or 91,475 shares. Cipher Capital Limited Partnership stated it has 0.13% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Verity Asset Management Incorporated holds 0.38% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC) for 31,215 shares. Cue Grp Inc Inc stated it has 0.61% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Wealthcare Mngmt Limited Liability Corp stated it has 179 shares or 0% of all its holdings. Winslow Evans & Crocker Inc accumulated 12,678 shares. The California-based Blume Cap Incorporated has invested 0% in Ares Capital Corporation (NASDAQ:ARCC). Capital Invest Advsrs Ltd Liability holds 0.04% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC) for 36,624 shares. Advisory Service Net Limited Liability, Georgia-based fund reported 23,011 shares. Park Avenue Securities Llc owns 11,893 shares. Clough Prns Lp reported 3.66% in Ares Capital Corporation (NASDAQ:ARCC).

Ares Capital Corp (NASDAQ:ARCC) Rating Reaffirmed

KBW now has a $18.5 price target on the $6.94 billion market cap company or 13.64 % upside potential. In analysts note sent to investors and clients on Thursday, 5 October, Ares Capital Corp (NASDAQ:ARCC) shares have had their Buy Rating kept by stock research analysts at KBW.

Investors sentiment decreased to 1.13 in 2017 Q2. Its down 0.38, from 1.51 in 2017Q1. It worsened, as 63 investors sold Ares Capital Corporation shares while 88 reduced holdings. 43 funds opened positions while 127 raised stakes. 170.64 million shares or 4.44% less from 178.56 million shares in 2017Q1 were reported.

Tci Wealth Advisors holds 525 shares. Van Eck accumulated 2.31M shares. Partnervest Advisory Svcs Ltd Llc stated it has 103,186 shares or 0.76% of all its holdings. Credit Suisse Ag accumulated 35,141 shares. Buckhead Mngmt Limited Liability Corp holds 0.27% or 91,475 shares. Cipher Capital Limited Partnership stated it has 0.13% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Verity Asset Management Incorporated holds 0.38% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC) for 31,215 shares. Cue Grp Inc Inc stated it has 0.61% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Wealthcare Mngmt Limited Liability Corp stated it has 179 shares or 0% of all its holdings. Winslow Evans & Crocker Inc accumulated 12,678 shares. The California-based Blume Cap Incorporated has invested 0% in Ares Capital Corporation (NASDAQ:ARCC). Capital Invest Advsrs Ltd Liability holds 0.04% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC) for 36,624 shares. Advisory Service Net Limited Liability, Georgia-based fund reported 23,011 shares. Park Avenue Securities Llc owns 11,893 shares. Clough Prns Lp reported 3.66% in Ares Capital Corporation (NASDAQ:ARCC).

Ares Capital Corporation (NASDAQ:ARCC) Ratings Coverage

Among 17 analysts covering Ares Capital (NASDAQ:ARCC), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. Ares Capital has $19.5 highest and $15.0 lowest target. $17.46’s average target is 7.25% above currents $16.28 stock price. Ares Capital had 26 analyst reports since August 21, 2015 according to SRatingsIntel. The rating was upgraded by Raymond James on Friday, August 28 to “Outperform”. As per Thursday, November 2, the company rating was maintained by Jefferies. The firm has “Hold” rating given on Friday, October 6 by BMO Capital Markets. BMO Capital Markets maintained Ares Capital Corporation (NASDAQ:ARCC) rating on Wednesday, May 31. BMO Capital Markets has “Hold” rating and $1500 target. The stock of Ares Capital Corporation (NASDAQ:ARCC) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, June 14. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Market Outperform” rating given on Tuesday, August 9 by JMP Securities. As per Tuesday, August 15, the company rating was maintained by Jefferies. As per Friday, August 21, the company rating was maintained by Citigroup. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, August 23. On Friday, November 3 the stock rating was maintained by RBC Capital Markets with “Hold”.

The stock increased 0.25% or $0.04 during the last trading session, reaching $16.28. About 1.23 million shares traded. Ares Capital Corporation (NASDAQ:ARCC) has risen 9.72% since December 8, 2016 and is uptrending. It has underperformed by 6.98% the S&P500.

Analysts await Ares Capital Corporation (NASDAQ:ARCC) to report earnings on February, 28. They expect $0.37 EPS, down 11.90 % or $0.05 from last year’s $0.42 per share. ARCC’s profit will be $157.73M for 11.00 P/E if the $0.37 EPS becomes a reality. After $0.36 actual EPS reported by Ares Capital Corporation for the previous quarter, Wall Street now forecasts 2.78 % EPS growth.

Another recent and important Ares Capital Corporation (NASDAQ:ARCC) news was published by Businesswire.com which published an article titled: “Ares Capital Corporation to Host Investor Day on November 16, 2017” on November 13, 2017.

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