Fifth Street Finance Corp. Receives Average Rating of “Buy” from Brokerages (NYSE:FSC)
Fifth Street Finance Corp. (NYSE:FSC) has received an average rating of “Buy” from the eight analysts that are presently covering the stock, Stock Ratings News reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $10.63.
A number of research firms have recently commented on FSC. 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) opened at 9.89 on Friday. Fifth Street Finance Corp. has a 1-year low of $8.94 and a 1-year high of $10.74. The stock has a 50-day moving average of $9.79 and a 200-day moving average of $9.53.
Fifth Street Finance Corp. (NYSE:FSC) last released its earnings data on Thursday, August 7th. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.02. Analysts expect that Fifth Street Finance Corp. will post $1.02 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 11.18%. The ex-dividend date of this dividend is Wednesday, November 12th.
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