Ares Capital Corp [ARCC] stock is trading at $22.08, down -0.18%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ARCC shares have lost -0.41% over the last week, with a monthly amount glided 2.55%, 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 December 12, 2024, when Wells Fargo upgraded its rating to a Overweight. Previously, Wells Fargo upgraded its rating to Overweight on December 02, 2024, and kept the price target unchanged to $23. On January 08, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $21 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $20.50 on June 16, 2023. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $18 on April 18, 2023. Hovde Group upgraded its rating to Outperform for this stock on April 28, 2022. In a note dated April 27, 2022, JP Morgan upgraded an Overweight rating on this stock but restated the target price of $22.
Ares Capital Corp [ARCC] stock has fluctuated between $19.32 and $22.43 over the past year. Currently, Wall Street analysts expect the stock to reach $22 within the next 12 months. Ares Capital Corp [NASDAQ: ARCC] shares were valued at $22.08 at the most recent close of the market. An investor can expect a potential drop of -0.36% based on the average ARCC price forecast.
Analyzing the ARCC fundamentals
Ares Capital Corp [NASDAQ:ARCC] reported sales of 2.94B for the trailing twelve months, which represents a growth of 18.30%. Gross Profit Margin for this corporation currently stands at 0.86% with Operating Profit Margin at 0.83%, Pretax Profit Margin comes in at 0.67%, and Net Profit Margin reading is 0.64%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.13 and Total Capital is 0.08.
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 22.01 points at the first support level, and at 21.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.19, and for the 2nd resistance point, it is at 22.31.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.86, the price to book ratio is 1.12 and price to earnings (TTM) ratio is 8.49.
