A share price of Ares Capital Corp [ARCC] is currently trading at $21.37, down -0.42%. An important factor to consider is whether the stock is rising or falling in short-term value. The ARCC shares have gain 0.94% over the last week, with a monthly amount glided 3.04%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ares Capital Corp [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.
Ares Capital Corp experienced fluctuations in its stock price throughout the past year between $18.00 and $21.53. Currently, Wall Street analysts expect the stock to reach $21.43 within the next 12 months. Ares Capital Corp [NASDAQ: ARCC] shares were valued at $21.37 at the most recent close of the market. An investor can expect a potential return of 0.28% based on the average ARCC price forecast.
Analyzing the ARCC fundamentals
Trailing Twelve Months sales for Ares Capital Corp [NASDAQ:ARCC] were 2.70B which represents 13.40% growth. Gross Profit Margin for this corporation currently stands at 0.97% with Operating Profit Margin at 0.83%, 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 0.07, Equity is 0.15 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 0.99.
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 21.28 points at the first support level, and at 21.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.48, and for the 2nd resistance point, it is at 21.60.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.82, the price to book ratio is 1.09 and price to earnings (TTM) ratio is 7.29.
