JPMorgan Chase & Co. Initiates Coverage on Ares Capital Corp. (ARCC)
Equities research analysts at JPMorgan Chase & Co. began coverage on shares of Ares Capital Corp. (NASDAQ:ARCC) in a research note issued to investors on Monday. The firm set an “overweight” rating on the stock.
Separately, analysts at Goldman Sachs initiated coverage on shares of Ares Capital Corp. in a research note on Tuesday, May 27th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $18.54.
Ares Capital Corp. (NASDAQ:ARCC) opened at 16.73 on Monday. Ares Capital Corp. has a one year low of $16.47 and a one year high of $18.63. The stock has a 50-day moving average of $17. and a 200-day moving average of $17.4.
Ares Capital Corporation (NASDAQ:ARCC) is a specialty finance company, which is a closed-end, non-diversified management investment company.
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