Triangle Capital Corp. Upgraded to Outperform at Keefe, Bruyette & Woods (TCAP)
Triangle Capital Corp. (NASDAQ:TCAP) was upgraded by research analysts at Keefe, Bruyette & Woods to an “outperform” rating in a report released on Thursday, Analyst Ratings Network.com reports.
Shares of Triangle Capital Corp. (NASDAQ:TCAP) traded down 0.34% during mid-day trading on Thursday, hitting $26.75. 215,409 shares of the company’s stock traded hands. Triangle Capital Corp. has a 52 week low of $25.47 and a 52 week high of $30.70. The stock has a 50-day moving average of $28.31 and a 200-day moving average of $28.92. The company has a market cap of $740.4 million and a P/E ratio of 9.34.
Triangle Capital Corp. (NASDAQ:TCAP) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.08. During the same quarter in the prior year, the company posted $0.58 earnings per share. Analysts expect that Triangle Capital Corp. will post $2.25 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on TCAP. Analysts at Raymond James downgraded shares of Triangle Capital Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, November 8th. They now have a $30.00 price target on the stock. Analysts at JMP Securities initiated coverage on shares of Triangle Capital Corp. in a research note to investors on Wednesday, October 16th. They set a “market perform” rating on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $29.83.
Triangle Capital Corporation is a specialty finance company that provides customized financing solutions to lower middle market companies located throughout the United States.
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