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RBC Capital Keeps Their Buy Rating on Ares Capital (ARCC)

Tipranks - Tue Feb 10, 6:26AM CST

RBC Capital analyst Kenneth Lee maintained a Buy rating on Ares Capital today and set a price target of $22.00.

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Lee covers the Financial sector, focusing on stocks such as Voya Financial, Ameriprise Financial, and Federated Hermes. According to TipRanks, Lee has an average return of 8.7% and a 61.72% success rate on recommended stocks.

In addition to RBC Capital, Ares Capital also received a Buy from Truist Financial’s Arren Cyganovich in a report issued on February 5. However, on February 7, TipRanks – xAI downgraded Ares Capital (NASDAQ: ARCC) to a Hold.

Based on Ares Capital’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $202 million and a net profit of $142.36 million. In comparison, last year the company earned a revenue of $567 million and had a net profit of $357 million

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