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Main Street Capital (NASDAQ:MAIN) was upgraded by investment analysts at Raymond James from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $34.00 price objective on the stock. Raymond James’ price target suggests a potential upside of 5.99% from the stock’s previous close.

MAIN has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Main Street Capital from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 4th. They now have a $36.60 price target on the stock. Analysts at Robert W. Baird raised their price target on shares of Main Street Capital from $37.00 to $38.00 in a research note on Monday, March 3rd. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $36.12.

Shares of Main Street Capital (NASDAQ:MAIN) traded up 1.74% on Tuesday, hitting $32.08. The stock had a trading volume of 489,523 shares. Main Street Capital has a 52-week low of $25.52 and a 52-week high of $35.72. The stock’s 50-day moving average is $33.07 and its 200-day moving average is $32.60. The company has a market cap of $1.280 billion and a price-to-earnings ratio of 11.92.

Main Street Capital (NASDAQ:MAIN) last announced its earnings results on Thursday, February 27th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.03. On average, analysts predict that Main Street Capital will post $2.31 earnings per share for the current fiscal year.

Main Street Capital Corporation (NASDAQ:MAIN) is a principal investment firm primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies, which it generally define as companies with annual revenues between $10 million and $100 million that operate in diverse industries.

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