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



Ares Capital Corporation [NASDAQ: ARCC] price surged by 0.58 percent to reach at $0.12. The company report on November 12, 2021 that Ares Capital Corporation to Present at Fitch Ratings BDC Conference 2021.

Ares Capital Corporation (“Ares Capital”) (NASDAQ:ARCC) announced today that Penni Roll, Ares Capital’s Chief Financial Officer, is scheduled to present in person at the Fitch Ratings BDC Conference on Tuesday, November 16, 2021 at 3:00 pm EDT.

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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.

The one-year ARCC stock forecast points to a potential upside of 6.2. The average equity rating for ARCC stock is currently 1.70, 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 $22.27 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 1.70. 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 December 03, 2021. The new note on the price target was released on December 10, 2020, representing the official price target for Ares Capital Corporation stock. Previously, the target price had yet another raise from $16 to $17, while Barclays kept a Equal Weight rating on ARCC stock.

The Average True Range (ATR) for Ares Capital Corporation is set at 0.31, with the Price to Sales ratio for ARCC stock in the period of the last 12 months amounting to 5.32. The Price to Book ratio for the last quarter was 1.20.

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 6.15. With this latest performance, ARCC shares gained by 2.65% in over the last four-week period, additionally plugging by 6.64% over the last 6 months – not to mention a rise of 27.15% 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 60.36, with the RSI for the last a single of trading hit 67.44, and the three-weeks RSI is set at 56.67 for Ares Capital Corporation [ARCC]. The present Moving Average for the last 50 days of trading for this stock 20.74, while it was recorded at 20.56 for the last single week of trading, and 19.95 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 +61.05 and a Gross Margin at +73.59. Ares Capital Corporation’s Net Margin is presently recorded at +35.91.

Return on Total Capital for ARCC is now 5.43, given the latest momentum, and Return on Invested Capital for the company is 3.20. Return on Equity for this stock inclined to 6.61, with Return on Assets sitting at 3.11. When it comes to the capital structure of this company, Ares Capital Corporation [ARCC] has a Total Debt to Total Equity ratio set at 119.15. Additionally, ARCC Total Debt to Total Capital is recorded at 54.37, with Total Debt to Total Assets ending up at 52.79. Long-Term Debt to Equity for the company is recorded at 118.92, with the Long-Term Debt to Total Capital now at 54.27.

Reflecting on the efficiency of the workforce at the company, Ares Capital Corporation [ARCC] managed to generate an average of $333,793 per employee. Receivables Turnover for the company is 7.62 with a Total Asset Turnover recorded at a value of 0.09.


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%.

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Ares Capital Corporation [ARCC] Insider Position Details

There are presently around $2,894 million, or 31.86% of ARCC stock, in the hands of institutional investors. The top three institutional holders of ARCC stocks are: ROYAL BANK OF CANADA with ownership of 10,198,781, which is approximately 1.82% of the company’s market cap and around 0.60% of the total institutional ownership; MORGAN STANLEY, holding 10,033,547 shares of the stock with an approximate value of $208.4 million in ARCC stocks shares; and OMERS ADMINISTRATION CORP, currently with $117.71 million in ARCC stock with ownership of nearly New of the company’s market capitalization.

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 299 institutional holders increased their position in Ares Capital Corporation [NASDAQ:ARCC] by around 19,149,020 shares. Additionally, 153 investors decreased positions by around 5,625,561 shares, while 131 investors held positions by with 114,574,821 shares. The mentioned changes placed institutional holdings at 139,349,402 shares, according to the latest SEC report filing. ARCC stock had 53 new institutional investments in for a total of 8,105,909 shares, while 27 institutional investors sold positions of 2,217,834 shares during the same period.