Solar Capital Price Target Cut to $23.00 (SLRC)
Equities research analysts at Evercore Partners dropped their price target on shares of Solar Capital (NASDAQ:SLRC) from $24.00 to $23.00 in a research note issued to investors on Tuesday. Evercore Partners’ price target would indicate a potential upside of 17.41% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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 Zacks downgraded shares of Solar Capital from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 20th. They now have a $20.10 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 company currently has an average rating of “Hold” and a consensus price target of $23.54.
Shares of Solar Capital (NASDAQ:SLRC) traded down 2.63% on Tuesday, hitting $19.59. 384,753 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 has a 50-day moving average of $20.78 and a 200-day moving average of $21.56.
Solar Capital (NASDAQ:SLRC) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.02. Analysts expect that Solar Capital will post $1.62 EPS 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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