Jefferies (NYSE:JEF) analyst John Hecht maintained a Buy rating on Ares Capital Corp on Tuesday, setting a price target of $24, which is approximately 16.45% above the present share price of $20.61.
Hecht expects Ares Capital Corp to post earnings per share (EPS) of $0.73 for the fourth quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in Ares Capital, with an average price target of $22.4.
The analysts price targets range from a high of $24 to a low of $21.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $403 million and a net profit of $0. The company's market cap is $9.5 billion.
According to TipRanks.com, Jefferies analyst John Hecht is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.5% and a 66.84% success rate.
Ares Capital Corp. is a closed-end, non-diversified management investment company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company was founded on April 1, 2004 and is headquartered in New York, NY.