THL Credit Given “Market Perform” Rating at Keefe, Bruyette & Woods (TCRD)
THL Credit (NASDAQ:TCRD)‘s stock had its “market perform” rating restated by investment analysts at Keefe, Bruyette & Woods in a note issued to investors on Wednesday. They currently have a $14.25 price objective on the stock, down from their previous price objective of $15.00. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 7.14% from the stock’s previous close.
A number of other firms have also recently commented on TCRD. 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. 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $15.70.
Shares of THL Credit (NASDAQ:TCRD) opened at 13.30 on Wednesday. THL Credit has a 1-year low of $12.80 and a 1-year high of $17.00. The stock has a 50-day moving average of $13.63 and a 200-day moving average of $14.01.
THL Credit (NASDAQ:TCRD) last posted its quarterly 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. Analysts expect that THL Credit will post $1.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 10.23%.
THL Credit, Inc is a non-diversified, closed-end management investment company. It operates as a business development company.
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