Solar Capital Upgraded by TheStreet to Buy (SLRC)
Solar Capital (NASDAQ:SLRC) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Friday, AnalystRatings.NET reports.
The analysts wrote, “Solar Capital (SLRC) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Solar Capital from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 3rd. They now have a $23.30 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $24.26.
Shares of Solar Capital (NASDAQ:SLRC) traded down 1.25% on Friday, hitting $22.11. 54,260 shares of the company’s stock traded hands. Solar Capital has a 1-year low of $21.13 and a 1-year high of $25.95. The stock has a 50-day moving average of $22. and a 200-day moving average of $22.52. The company has a market cap of $978.9 million and a price-to-earnings ratio of 13.88.
Solar Capital Ltd. (NASDAQ:SLRC) is a closed-end, externally managed, non-diversified management investment company.
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.