TPG Specialty Lending Receives Average Recommendation of “Buy” from Analysts (NASDAQ:TSLX)
TPG Specialty Lending (NASDAQ:TSLX) has received an average recommendation of “Buy” from the eight brokerages that are covering the company, AmericanBankingNews.com reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $17.50.
TSLX has been the subject of a number of recent research reports. Analysts at Zacks initiated coverage on shares of TPG Specialty Lending in a research note on Wednesday. They set a “hold” rating on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of TPG Specialty Lending in a research note on Wednesday. They set a “neutral” rating and a $17.00 price target on the stock. Finally, analysts at Bank of America initiated coverage on shares of TPG Specialty Lending in a research note on Tuesday, April 15th. They set a “buy” rating on the stock.
TPG Specialty Lending (NASDAQ:TSLX) traded up 0.77% during mid-day trading on Thursday, hitting $18.32. The stock had a trading volume of 59,418 shares. TPG Specialty Lending has a 1-year low of $15.95 and a 1-year high of $18.48. The stock’s 50-day moving average is $16.8 and its 200-day moving average is $16.8. The company has a market cap of $950.6 million and a P/E ratio of 9.40.
The company also recently declared a special dividend, which is scheduled for Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 27th.
TPG Specialty Lending, Inc (NASDAQ:TSLX) is a specialty finance company focused on lending to middle-market companies.
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