Prospect Capital Corp. Earns Buy Rating from Deutsche Bank (PSEC)
Prospect Capital Corp. (NASDAQ:PSEC)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Wednesday. They currently have a $11.50 target price on the stock, down from their previous target price of $12.25. Deutsche Bank’s price objective would suggest a potential upside of 8.90% from the stock’s previous close.
Separately, analysts at Evercore Partners upgraded shares of Prospect Capital Corp. from an “underweight” rating to an “equal weight” rating in a research note on Thursday, May 29th. They now have a $10.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $11.50.
Prospect Capital Corp. (NASDAQ:PSEC) traded down 2.35% during mid-day trading on Wednesday, hitting $10.3118. The stock had a trading volume of 2,570,899 shares. Prospect Capital Corp. has a 52 week low of $9.17 and a 52 week high of $11.62. The stock has a 50-day moving average of $10.75 and a 200-day moving average of $10.65. Prospect Capital Corp. also was the target of unusually large options trading activity on Tuesday. Traders acquired 16,232 put options on the stock. This is an increase of approximately 1,753% compared to the typical daily volume of 876 put options.
Prospect Capital Corp. (NASDAQ:PSEC) last issued its quarterly earnings data on Monday, August 25th. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.07. The company had revenue of $182.84 million for the quarter, compared to the consensus estimate of $213.74 million. During the same quarter last year, the company posted $0.38 earnings per share. Prospect Capital Corp.’s revenue was up 9.8% compared to the same quarter last year. On average, analysts predict that Prospect Capital Corp. will post $1.24 earnings per share for the current fiscal year.
Prospect Capital Corporation (NASDAQ:PSEC), is a financial services company, which lends to and invests in middle market privately-held companies.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.