Medley Capital Corp. Upgraded to “Buy” at TheStreet (MCC)
Medley Capital Corp. (NYSE:MCC) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a report issued on Tuesday, Analyst Ratings Network reports.
The analysts wrote, “Medley Capital (MCC) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Shares of Medley Capital Corp. (NYSE:MCC) traded up 0.29% on Tuesday, hitting $13.83. The stock had a trading volume of 128,780 shares. Medley Capital Corp. has a 1-year low of $12.68 and a 1-year high of $16.25. The stock has a 50-day moving average of $13.66 and a 200-day moving average of $14.38. The company has a market cap of $459.5 million and a P/E ratio of 11.53.
Several other analysts have also recently commented on the stock. Analysts at UBS AG cut their price target on shares of Medley Capital Corp. (NYSE:MCC) from $17.50 to $15.00 in a research note to investors on Wednesday, September 25th. They now have a “buy” rating on the stock. Separately, analysts at Wells Fargo & Co. upgraded shares of Medley Capital Corp. (NYSE:MCC) from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, September 4th. Finally, analysts at JMP Securities cut their price target on shares of Medley Capital Corp. (NYSE:MCC) from $16.50 to $16.00 in a research note to investors on Tuesday, August 13th. They now have a “market outperform” rating on the stock. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Medley Capital Corp. has an average rating of “Buy” and an average target price of $15.20.
Medley Capital Corporation, formerly Medley Capital BDC LLC, is a non-diversified, closed-end management investment company.
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