Prospect Capital Corp.’s “Market Perform” Rating Reiterated at Keefe, Bruyette & Woods (PSEC)
Prospect Capital Corp. (NASDAQ:PSEC)‘s stock had its “market perform” rating reiterated by research analysts at Keefe, Bruyette & Woods in a report released on Wednesday. They currently have a $10.00 price target on the stock, down from their previous price target of $11.00. Keefe, Bruyette & Woods’ price objective would suggest a potential downside of 5.30% from the company’s current price.
PSEC has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Prospect Capital Corp. in a research note on Wednesday. They now have a $11.50 price target on the stock, down previously from $12.25. 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $11.36.
Prospect Capital Corp. (NASDAQ:PSEC) traded down 2.18% during mid-day trading on Wednesday, hitting $10.33. 5,806,444 shares of the company’s stock traded hands. Prospect Capital Corp. has a one year low of $9.17 and a one year high of $11.62. The stock’s 50-day moving average is $10.75 and its 200-day moving average is $10.65. Prospect Capital Corp. also saw some unusual options trading on Tuesday. Traders acquired 16,232 put options on the stock. This is an increase of 1,753% compared to the typical 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 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. 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.
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