Ares Capital Corp. Lowered to “Neutral” at Zacks (ARCC)
Ares Capital Corp. (NASDAQ:ARCC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, AnalystRatings.Net reports. They currently have a $19.70 price target on the stock. Zacks‘ price objective would indicate a potential upside of 8.96% from the company’s current price.
Shares of Ares Capital Corp. (NASDAQ:ARCC) traded up 0.66% on Tuesday, hitting $18.20. The stock had a trading volume of 1,229,711 shares. Ares Capital Corp. has a 1-year low of $16.15 and a 1-year high of $18.67. The stock has a 50-day moving average of $17.77 and a 200-day moving average of $17.6.
Ares Capital Corporation (NASDAQ:ARCC) is a specialty finance company, which is a closed-end, non-diversified management investment company.
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