Ares Capital Corp (NASDAQ:ARCC) shares traded -1.78% down during most recent session to reach at the closing price of $17.09. The stock exchanged hands 3.37 Million shares versus average trading capacity of 2.64 Million shares, yielding a market cap of $7.29 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $18.47 within the next 52-weeks. The mean target projections are based on 15 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.
JMP Securities “Maintained” Ares Capital Corp (NASDAQ:ARCC) in a research note issued to investors on 2/13/19 to Market Outperform with price target of $19.5.
Additionally on 8/23/18 Citigroup “Initiates Coverage On” Ares Capital Corp (NASDAQ:ARCC) to Buy setting price target at $19 and on 6/04/18 JMP Securities “Maintained” the stock to Market Outperform at $18.5. Furthermore on 4/11/18 JP Morgan “Maintained” the stock to Overweight at $17.
On the other hand the company has Relative Strength Index (RSI 14) of 49.03 along with Average True Range (ATR 14) of 0.21, Consequently Ares Capital Corp (NASDAQ:ARCC)’s weekly and monthly volatility is 1.06%, 1.03% 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 1.6. 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 $0.41 and can go high up to $0.46. The consensus mean EPS for the current quarter is at $0.43 derived from a total of 15 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.39 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 $0.41 by $0.04. The company posted an earnings surprise of 9.8%.
Ares Capital Corp (NASDAQ:ARCC)’s revenue estimates for the current quarter are $341.85 Million according to 10 number of analysts, for the current quarter the company has high revenue estimates of $360 Million in contradiction of low revenue estimates of $328.54 Million. For the current year the company’s revenue estimates are $1.43 Billion compared to low analyst estimates of $1.34 Billion and high estimates of $1.49 Billion according to 11 number of analysts.
Currently Ares Capital Corp (NASDAQ:ARCC)’s shares owned by insiders are 0.48%, whereas shares owned by institutional owners are 40.27%. However the six-month change in the insider ownership was recorded 2.25%, as well as three-month change in the institutional ownership was recorded 0%.
Ares Capital Corp (NASDAQ:ARCC)’s trailing twelve month revenues are $1.34 Billion, whereas its price to sales ratio for the same period is 5.45. Its book value per share for the most recent quarter is $17.14 while its price to book ratio for the same period is 1, 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 2.83 whereas its trailing twelve month P/E ratio is 8.5.