Fifth Street Finance Corp. Upgraded to “Neutral” at Zacks (FSC)
Fifth Street Finance Corp. (NYSE:FSC) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Thursday, American Banking News.com reports. The firm currently has a $10.30 target price on the stock. Zacks‘ price objective would suggest a potential upside of 1.48% from the stock’s previous close.
Separately, analysts at Raymond James downgraded shares of Fifth Street Finance Corp. from a “strong-buy” rating to an “outperform” rating in a research note to investors on Friday, August 9th. They now have a $11.50 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Fifth Street Finance Corp. has an average rating of “Buy” and an average target price of $11.20.
Shares of Fifth Street Finance Corp. (NYSE:FSC) traded up 0.69% on Thursday, hitting $10.15. 1,213,803 shares of the company’s stock traded hands. Fifth Street Finance Corp. has a 1-year low of $9.66 and a 1-year high of $11.13. The stock has a 50-day moving average of $10.33 and a 200-day moving average of $10.57. The company has a market cap of $1.229 billion and a P/E ratio of 10.11.
Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with investments by private equity sponsors.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.