American Capital Given Neutral Rating at Zacks (ACAS)
American Capital (NASDAQ:ACAS)‘s stock had its “neutral” rating restated by Zacks in a note issued to investors on Thursday. They currently have a $16.00 price objective on the stock. Zacks‘s price objective indicates a potential upside of 5.47% from the stock’s previous close.
Zacks’ analyst wrote, “American Capital reported dismal results in second-quarter 2014. Results missed the Zacks Consensus Estimate and came below the prior-year quarter earnings as well. Results were affected by decreased revenues, partially offset by lower expenses. However, new investments and realization from portfolios were the positives. Further, during the quarter, the company obtained $750 million senior secured revolving credit facility, which enhances the company’s financial flexibility. The company formed ACE III, to bring in more institutional investors and expand the asset management business. Though the improved portfolio performance is expected to continue with the economic recovery, we believe the low interest rate environment and global cues might act as headwinds in the upcoming quarters.”
ACAS has been the subject of a number of other recent research reports. Analysts at Compass Point reiterated a “focus list” rating on shares of American Capital in a research note on Thursday, June 5th. Analysts at Sterne Agee initiated coverage on shares of American Capital in a research note on Wednesday, May 21st. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $17.83.
American Capital (NASDAQ:ACAS) traded up 0.86% during mid-day trading on Thursday, hitting $15.30. 1,559,814 shares of the company’s stock traded hands. American Capital has a 1-year low of $12.42 and a 1-year high of $16.37. The stock has a 50-day moving average of $15.33 and a 200-day moving average of $15.12. The company has a market cap of $4.035 billion and a price-to-earnings ratio of 43.97.
American Capital (NASDAQ:ACAS) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.03. The company had revenue of $100.00 million for the quarter, compared to the consensus estimate of $106.88 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was down 23.1% on a year-over-year basis. Analysts expect that American Capital will post $0.61 EPS for the current fiscal year.
American Capital, Ltd. (NASDAQ:ACAS) is an equity firm and global asset manager.
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