TCP Capital Corp. Now Covered by Analysts at JMP Securities (TCPC)
JMP Securities initiated coverage on shares of TCP Capital Corp. (NASDAQ:TCPC) in a research note issued on Wednesday, Stock Ratings News reports. The firm set a “market perform” rating and a $18.00 price target on the stock. JMP Securities’ target price would suggest a potential upside of 7.14% from the company’s current price.
TCP Capital Corp. (NASDAQ:TCPC) traded down 0.12% on Wednesday, hitting $16.78. 139,605 shares of the company’s stock traded hands. TCP Capital Corp. has a 52-week low of $14.39 and a 52-week high of $16.94. The stock has a 50-day moving average of $15.61 and a 200-day moving average of $15.83.
TCP Capital Corp. (NASDAQ:TCPC) last announced its earnings results on Thursday, August 8th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.03. On average, analysts predict that TCP Capital Corp. will post $1.62 earnings per share for the current fiscal year.
Separately, analysts at Wells Fargo & Co. initiated coverage on shares of TCP Capital Corp. in a research note to investors on Tuesday, September 10th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $17.25.
TCP Capital Corp. is an externally managed, non-diversified closed-end management investment company.
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