Fifth Street Finance Corp. Upgraded to Buy at Gilford Securities (FSC)
Fifth Street Finance Corp. (NYSE:FSC) was upgraded by investment analysts at Gilford Securities from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Shares of Fifth Street Finance Corp. (NYSE:FSC) traded up 0.11% during mid-day trading on Thursday, hitting $9.12. 865,473 shares of the company’s stock traded hands. Fifth Street Finance Corp. has a 52 week low of $8.94 and a 52 week high of $10.96. The stock’s 50-day moving average is $9.40 and its 200-day moving average is $9.54.
Fifth Street Finance Corp. (NYSE:FSC) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.26 by $0.01. On average, analysts predict that Fifth Street Finance Corp. will post $1.04 earnings per share for the current fiscal year.
Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Fifth Street Finance Corp. in a research note on Wednesday, April 16th. They now have a $10.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Fifth Street Finance Corp. has a consensus rating of “Buy” and a consensus price target of $10.48.
Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with investments by private equity sponsors.
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