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TCP Capital Corp. (NASDAQ:TCPC) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a report issued on Monday, American Banking News reports.

The analysts wrote, “TCP Capital (TCPC) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, expanding profit margins, increase in stock price during the past year and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”

Shares of TCP Capital Corp. (NASDAQ:TCPC) traded down 0.72% on Monday, hitting $16.60. The stock had a trading volume of 72,752 shares. TCP Capital Corp. has a 1-year low of $14.87 and a 1-year high of $18.15. The stock has a 50-day moving average of $17.03 and a 200-day moving average of $16.88.

TCP Capital Corp. (NASDAQ:TCPC) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.08. On average, analysts predict that TCP Capital Corp. will post $1.58 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on TCPC. Analysts at EVA Dimensions upgraded shares of TCP Capital Corp. from an “overweight” rating to a “buy” rating in a research note on Friday, March 14th. Analysts at Deutsche Bank downgraded shares of TCP Capital Corp. from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. They now have a $17.50 price target on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $17.88.

TCP Capital Corp. is an externally managed, non-diversified closed-end management investment company.

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