Solar Capital Receives Average Rating of “Hold” from Brokerages (NASDAQ:SLRC)
Shares of Solar Capital (NASDAQ:SLRC) have received a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, AR Network reports. Ten analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $23.70.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Solar Capital from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $21.70 price target on the stock. Finally, analysts at TheStreet downgraded shares of Solar Capital from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th.
Shares of Solar Capital (NASDAQ:SLRC) opened at 21.05 on Thursday. Solar Capital has a 52 week low of $20.28 and a 52 week high of $25.04. The stock’s 50-day moving average is $20.92 and its 200-day moving average is $21.80.
Solar Capital (NASDAQ:SLRC) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.31 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.09. On average, analysts predict that Solar Capital will post $1.62 earnings per share for the current fiscal year.
Solar Capital Ltd. (NASDAQ:SLRC) is a closed-end, externally managed, non-diversified management investment company.
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