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TCP Capital Corp. (NASDAQ:TCPC) has earned an average rating of “Buy” from the eight brokerages that are currently covering the stock, Analyst Ratings News reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $17.88.

TCP Capital Corp. (NASDAQ:TCPC) traded up 0.97% on Tuesday, hitting $16.66. 49,046 shares of the company’s stock traded hands. TCP Capital Corp. has a one year low of $14.87 and a one year high of $18.15. The stock has a 50-day moving average of $17.00 and a 200-day moving average of $16.89.

TCP Capital Corp. (NASDAQ:TCPC) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.46 earnings per share for the quarter, beating the analysts’ 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 analysts have recently weighed in on TCPC shares. Analysts at TheStreet upgraded shares of TCP Capital Corp. from a “hold” rating to a “buy” rating in a research note on Monday. Separately, 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. Finally, 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.

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

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