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Hercules Technology Growth Capital (NYSE:HTGC) was upgraded by stock analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a report issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $15.50 target price on the stock, down from their previous target price of $16.50. Sandler O’Neill’s price objective indicates a potential upside of 11.75% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Wunderlich upgraded shares of Hercules Technology Growth Capital from a “market perform” rating to an “outperform” rating in a research note on Wednesday, March 12th. They now have a $17.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods upgraded shares of Hercules Technology Growth Capital from a “market perform” rating to an “outperform” rating in a research note on Wednesday, March 12th. Finally, analysts at Zacks upgraded shares of Hercules Technology Growth Capital from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 5th. They now have a $16.50 price target on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $16.50.

Hercules Technology Growth Capital (NYSE:HTGC) traded up 1.15% on Monday, hitting $14.0299. The stock had a trading volume of 685,503 shares. Hercules Technology Growth Capital has a 52 week low of $11.60 and a 52 week high of $17.25. The stock has a 50-day moving average of $15.27 and a 200-day moving average of $15.80. The company has a market cap of $867.4 million and a P/E ratio of 8.51.

Hercules Technology Growth Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.31. The company had revenue of $32.21 million for the quarter, compared to the consensus estimate of $37.15 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Analysts expect that Hercules Technology Growth Capital will post $1.21 EPS for the current fiscal year.

Hercules Technology Growth Capital, Inc (NYSE:HTGC) is an internally managed, non-diversified closed-end investment company.

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