Fifth Street Finance Corp. Receives Average Rating of “Buy” from Analysts (NYSE:FSC)
Fifth Street Finance Corp. (NYSE:FSC) has earned an average recommendation of “Buy” from the nine analysts that are currently covering the stock, StockRatingsNetwork reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $10.80.
Several analysts have recently commented on the stock. Analysts at Guggenheim upgraded shares of Fifth Street Finance Corp. from a “neutral” rating to a “buy” rating in a research note on Friday. Separately, analysts at JMP Securities initiated coverage on shares of Fifth Street Finance Corp. in a research note on Friday, June 27th. They set a “market perform” rating on the stock. Finally, analysts at SunTrust initiated coverage on shares of Fifth Street Finance Corp. in a research note on Thursday, June 26th. They set a “buy” rating and a $11.00 price target on the stock.
Fifth Street Finance Corp. (NYSE:FSC) traded up 1.24% during mid-day trading on Friday, hitting $9.82. The stock had a trading volume of 687,195 shares. Fifth Street Finance Corp. has a one year low of $8.94 and a one year high of $10.85. The stock’s 50-day moving average is $9.77 and its 200-day moving average is $9.52.
Fifth Street Finance Corp. (NYSE:FSC) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.27 by $0.02. Analysts expect that Fifth Street Finance Corp. will post $1.03 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $0.0917 per share. This represents a $1.10 dividend on an annualized basis and a yield of 11.34%. The ex-dividend date of this dividend is Wednesday, November 12th.
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