Solar Capital Given “Buy” Rating at Deutsche Bank (SLRC)
Solar Capital (NASDAQ:SLRC)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Tuesday. They currently have a $24.50 price objective on the stock, down from their previous price objective of $25.80. Deutsche Bank’s price objective would suggest a potential upside of 21.77% from the company’s current price.
Shares of Solar Capital (NASDAQ:SLRC) traded down 2.63% during mid-day trading on Tuesday, hitting $19.59. 368,036 shares of the company’s stock traded hands. Solar Capital has a 52-week low of $19.66 and a 52-week high of $23.29. The stock’s 50-day moving average is $20.78 and its 200-day moving average is $21.56.
Solar Capital (NASDAQ:SLRC) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.02. On average, analysts predict that Solar Capital will post $1.62 earnings per share for the current fiscal year.
SLRC has been the subject of a number of other recent research reports. Analysts at Evercore Partners cut their price target on shares of Solar Capital from $24.00 to $23.00 in a research note on Tuesday. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Solar Capital from a “neutral” rating to an “overweight” rating in a research note on Monday. They now have a $22.50 price target on the stock. Finally, 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. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.54.
Solar Capital Ltd. (NASDAQ:SLRC) is a closed-end, externally managed, non-diversified management investment company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.