Deutsche Bank Reiterates “Hold” Rating for THL Credit (TCRD)
THL Credit (NASDAQ:TCRD)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank in a report released on Wednesday. They currently have a $14.50 target price on the stock, down from their previous target price of $14.75. Deutsche Bank’s price target would suggest a potential upside of 9.02% from the company’s current price.
THL Credit (NASDAQ:TCRD) traded down 0.23% during mid-day trading on Wednesday, hitting $13.27. 147,621 shares of the company’s stock traded hands. THL Credit has a 1-year low of $12.80 and a 1-year high of $17.00. The stock’s 50-day moving average is $13.63 and its 200-day moving average is $14.01.
THL Credit (NASDAQ:TCRD) last announced its earnings results on Monday, August 11th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.04. During the same quarter last year, the company posted $0.49 earnings per share. On average, analysts predict that THL Credit will post $1.35 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 10.23%.
A number of other firms have also recently commented on TCRD. Analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of THL Credit in a research note on Wednesday. They now have a $14.25 price target on the stock, down previously from $15.00. Separately, analysts at SunTrust initiated coverage on shares of THL Credit in a research note on Thursday, June 26th. They set a “buy” rating and a $15.00 price target on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of THL Credit in a research note on Thursday, May 15th. They now have a $14.75 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $15.50.
THL Credit, Inc is a non-diversified, closed-end management investment company. It operates as a business development company.
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