Currently, Ares Capital Corporation [ARCC] is trading at $20.24, down -0.20%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ARCC shares have lost -1.56% over the last week, with a monthly amount glided 1.25%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ares Capital Corporation [NASDAQ: ARCC] stock has seen the most recent analyst activity on January 08, 2024, when B. Riley Securities downgraded its rating to a Neutral but kept the price target unchanged to $21 for it. Previously, B. Riley Securities started tracking the stock with Buy rating on June 16, 2023, and set its price target to $20.50. On April 18, 2023, downgrade downgraded it’s rating to Equal Weight and revised its price target to $18 on the stock. Hovde Group upgraded its rating to a Outperform. JP Morgan upgraded its rating to a Overweight but $22 remained the price target by the analyst firm on April 27, 2022. Hovde Group started tracking with a Market Perform rating for this stock on March 07, 2022, and assigned it a price target of $22.50. In a note dated December 03, 2021, Janney initiated an Buy rating and provided a target price of $22 on this stock.
This stock has fluctuated between a low of $17.53 and a high of $20.86 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $21.43 within the next 12 months. Ares Capital Corporation [NASDAQ: ARCC] shares were valued at $20.24 at the most recent close of the market. An investor can expect a potential return of 5.88% based on the average ARCC price forecast.
Analyzing the ARCC fundamentals
Trailing Twelve Months sales for Ares Capital Corporation [NASDAQ:ARCC] were 2.61B which represents 10.50% growth. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.88%, Pretax Profit Margin comes in at 0.94%, and Net Profit Margin reading is 0.93%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.14 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.09 points at the first support level, and at 19.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.44, and for the 2nd resistance point, it is at 20.65.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.70, the price to book ratio is 1.05 and price to earnings (TTM) ratio is 7.55.
Transactions by insiders
Recent insider trading involved SCHNABEL MICHAEL KORT, Co-President, that happened on May 02 ’23 when 15000.0 shares were purchased.
