Janney lifts Ares Capital Corporation [ARCC] price estimate. Who else is bullish?

Ares Capital Corporation [NASDAQ: ARCC] price surged by 2.06 percent to reach at $0.34. The company report on November 11, 2020 that Ares Capital Corporation to Present at the Fitch Ratings’ Inaugural Business Development Company Virtual Conference.

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Ares Capital Corporation (“Ares Capital”) (NASDAQ:ARCC) announced that its Chief Executive Officer Kipp deVeer is scheduled to present at the Fitch Ratings’ Inaugural Business Development Company Virtual Conference on Wednesday, November 18, 2020 at 1:00 pm EST.

A live audio webcast of the presentation will be available in the Investor Resources section of the Company’s website at www.arescapitalcorp.com. For those unable to listen to the live audio webcast, a replay will be available on the Company’s website shortly after the event.

A sum of 3433588 shares traded at recent session while its average daily volume was at 2.07M shares. Ares Capital Corporation shares reached a high of $17.00 and dropped to a low of $16.72 until finishing in the latest session at $16.86.

The one-year ARCC stock forecast points to a potential downside of -3.95. The average equity rating for ARCC stock is currently 1.50, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Ares Capital Corporation [ARCC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ARCC shares is $16.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ARCC stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Janney have made an estimate for Ares Capital Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 27, 2020. The new note on the price target was released on April 16, 2020, representing the official price target for Ares Capital Corporation stock. Previously, the target price had yet another raise to $16, while BofA/Merrill analysts kept a Buy rating on ARCC stock.

The Average True Range (ATR) for Ares Capital Corporation is set at 0.35, with the Price to Sales ratio for ARCC stock in the period of the last 12 months amounting to 4.89. The Price to Book ratio for the last quarter was 1.02.

ARCC Stock Performance Analysis:

Ares Capital Corporation [ARCC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.46. With this latest performance, ARCC shares gained by 20.34% in over the last four-week period, additionally plugging by 11.80% over the last 6 months – not to mention a drop of -9.89% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ARCC stock in for the last two-week period is set at 82.15, with the RSI for the last a single of trading hit 86.54, and the three-weeks RSI is set at 76.23 for Ares Capital Corporation [ARCC]. The present Moving Average for the last 50 days of trading for this stock 14.50, while it was recorded at 16.39 for the last single week of trading, and 14.25 for the last 200 days.

Insight into Ares Capital Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Ares Capital Corporation [ARCC] shares currently have an operating margin of +53.92 and a Gross Margin at +72.97. Ares Capital Corporation’s Net Margin is presently recorded at +56.56.

Return on Total Capital for ARCC is now 5.58, given the latest momentum, and Return on Invested Capital for the company is 5.92. Return on Equity for this stock inclined to 10.74, with Return on Assets sitting at 5.71. When it comes to the capital structure of this company, Ares Capital Corporation [ARCC] has a Total Debt to Total Equity ratio set at 95.36. Additionally, ARCC Total Debt to Total Capital is recorded at 48.81, with Total Debt to Total Assets ending up at 47.77. Long-Term Debt to Equity for the company is recorded at 95.04, with the Long-Term Debt to Total Capital now at 48.65.

Reflecting on the efficiency of the workforce at the company, Ares Capital Corporation [ARCC] managed to generate an average of $660,833 per employee. Receivables Turnover for the company is 11.98 with a Total Asset Turnover recorded at a value of 0.10.

ARCC Stock EPS

With the latest financial reports released by the company, Ares Capital Corporation posted 0.46/share EPS, while the average EPS was predicted by analysts to be reported at 0.45/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ARCC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ares Capital Corporation go to -0.90%.

Ares Capital Corporation [ARCC] Insider Position Details

There are presently around $2,265 million, or 32.90% of ARCC stock, in the hands of institutional investors. The top three institutional holders of ARCC stocks are: MORGAN STANLEY with ownership of 10,453,697, which is approximately 8.346% of the company’s market cap and around 0.60% of the total institutional ownership; ROYAL BANK OF CANADA, holding 9,402,656 shares of the stock with an approximate value of $158.53 million in ARCC stocks shares; and OMERS ADMINISTRATION CORP, currently with $85.26 million in ARCC stock with ownership of nearly 5.589% of the company’s market capitalization.

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Positions in Ares Capital Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 226 institutional holders increased their position in Ares Capital Corporation [NASDAQ:ARCC] by around 11,340,505 shares. Additionally, 211 investors decreased positions by around 15,855,969 shares, while 97 investors held positions by with 107,137,029 shares. The mentioned changes placed institutional holdings at 134,333,503 shares, according to the latest SEC report filing. ARCC stock had 50 new institutional investments in for a total of 2,068,660 shares, while 44 institutional investors sold positions of 6,566,432 shares during the same period.

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