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Blackrock Kelso Capital Corp. (NASDAQ:BKCC) was upgraded by Zacks from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $9.75 target price on the stock. Zacks‘s price target would suggest a potential upside of 12.85% from the company’s current price.

The analysts wrote, “We are upgrading the shares of BKCC to Outperform. BKCC recently reduced its dividend to a level that we believe is very sustainable and the subsequent decline in the stock price combined with the Russell reconstitution provides for an attractive entry point. In addition, despite the dividend cut, fundamentals of BKCC are improving with several significant equity investments recently monetized which could lead to earnings growth in the future. Using our $9.75 target price (unchanged) the shares offer a 23% total return.”

A number of other firms have also recently commented on BKCC. Analysts at Keefe, Bruyette & Woods upgraded shares of Blackrock Kelso Capital Corp. from a “market perform” rating to an “outperform” rating in a research note on Tuesday. They now have a $9.75 price target on the stock. Finally, analysts at Evercore Partners cut their price target on shares of Blackrock Kelso Capital Corp. from $11.00 to $10.00 in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $9.75.

Shares of Blackrock Kelso Capital Corp. (NASDAQ:BKCC) opened at 8.63 on Tuesday. Blackrock Kelso Capital Corp. has a 1-year low of $8.25 and a 1-year high of $10.35. The stock’s 50-day moving average is $8.65 and its 200-day moving average is $9.20. The company has a market cap of $644.3 million and a price-to-earnings ratio of 8.02.

Blackrock Kelso Capital Corp. (NASDAQ:BKCC) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.04. Analysts expect that Blackrock Kelso Capital Corp. will post $0.83 EPS for the current fiscal year.

BlackRock Kelso Capital Corporation (NASDAQ:BKCC) is an externally-managed, non-diversified closed-end management investment company.

To view Zacks’ full report, visit Zacks’ official website.

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