Ares Capital Corp (NASDAQ:ARCC) shares traded 0.4% up during most recent session to reach at the closing price of $17.5. The stock exchanged hands 2.72 Million shares versus average trading capacity of 1.73 Million shares, yielding a market cap of $7.46 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $18.5 within the next 52-weeks. The mean target projections are based on 16 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Ares Capital Corp (NASDAQ:ARCC) high price target of $20 and with a conservative view have low price target of $17.
Citigroup “Initiates Coverage On” Ares Capital Corp (NASDAQ:ARCC) in a research note issued to investors on 8/23/18 to Buy with price target of $19.
Additionally on 6/04/18 JMP Securities “Maintained” Ares Capital Corp (NASDAQ:ARCC) to Market Outperform setting price target at $18.5 and on 4/11/18 JP Morgan “Maintained” the stock to Overweight at $17. Furthermore on 12/06/17 Compass Point “Initiates Coverage On” the stock to Buy at $17.5.
On the other hand the company has Relative Strength Index (RSI 14) of 69.44 along with Average True Range (ATR 14) of 0.25, Consequently Ares Capital Corp (NASDAQ:ARCC)’s weekly and monthly volatility is 1.23%, 1.36% respectively. The company’s beta value is at 0.
In terms of Buy, Sell or Hold recommendations, Ares Capital Corp (NASDAQ:ARCC) has analysts’ mean recommendation of 1.8. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Ares Capital Corp (NASDAQ:ARCC)’s minimum EPS for the current quarter is at $0.39 and can go high up to $0.44. The consensus mean EPS for the current quarter is at $0.41 derived from a total of 16 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.38 earnings per share for the same quarter during last year.
Previously Ares Capital Corp (NASDAQ:ARCC) reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.4 by $0.05. The company posted an earnings surprise of 12.5%.
Ares Capital Corp (NASDAQ:ARCC)’s revenue estimates for the current quarter are $325.91 Million according to 10 number of analysts, for the current quarter the company has high revenue estimates of $344.98 Million in contradiction of low revenue estimates of $318.47 Million. For the current year the company’s revenue estimates are $1.32 Billion compared to low analyst estimates of $1.3 Billion and high estimates of $1.33 Billion according to 10 number of analysts.
Currently Ares Capital Corp (NASDAQ:ARCC)’s shares owned by insiders are 0.47%, whereas shares owned by institutional owners are 41.99%. However the six-month change in the insider ownership was recorded 0.84%, as well as three-month change in the institutional ownership was recorded 0%.
Ares Capital Corp (NASDAQ:ARCC)’s trailing twelve month revenues are $1.25 Billion, whereas its price to sales ratio for the same period is 5.96. Its book value per share for the most recent quarter is $16.85 while its price to book ratio for the same period is 1.04, as for as the company’s cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0. The stock has 5 year expected PEG ratio of 3.14 whereas its trailing twelve month P/E ratio is 9.42.