Solar Capital Given Average Recommendation of “Hold” by Analysts (NASDAQ:SLRC)
Shares of Solar Capital (NASDAQ:SLRC) have been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the stock, StockRatingsNetwork reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $21.96.
Shares of Solar Capital (NASDAQ:SLRC) opened at 19.91 on Thursday. Solar Capital has a one year low of $18.51 and a one year high of $23.29. The stock has a 50-day moving average of $20.3 and a 200-day moving average of $21.29.
Solar Capital (NASDAQ:SLRC) last announced its earnings results on Monday, August 4th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.02. On average, analysts predict that Solar Capital will post $1.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Thursday, September 18th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 8.04%. The ex-dividend date of this dividend is Tuesday, September 16th.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Solar Capital in a research note on Wednesday, August 13th. They now have a $21.00 price target on the stock, down previously from $24.00. Separately, analysts at Zacks downgraded shares of Solar Capital from a “neutral” rating to an “underperform” rating in a research note on Friday, August 8th. They now have a $18.80 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Solar Capital in a research note on Tuesday, August 5th. They now have a $24.50 price target on the stock, down previously from $25.80.
Solar Capital Ltd. (NASDAQ:SLRC) is a closed-end, externally managed, non-diversified management investment company.
Receive News & Ratings for Solar Capital Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solar Capital Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.