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KBW Reaffirms Their Buy Rating on Ares Capital (ARCC)

Tipranks - Fri Apr 17, 4:38AM CDT

KBW analyst Paul Johnson maintained a Buy rating on Ares Capital today and set a price target of $21.00.

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Johnson covers the Financial sector, focusing on stocks such as Hercules Capital, Inc., Fidus Investment, and Pennantpark Investment. According to TipRanks, Johnson has an average return of 4.6% and a 65.93% success rate on recommended stocks.

Ares Capital has an analyst consensus of Strong Buy, with a price target consensus of $20.86.

Based on Ares Capital’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $635 million and a net profit of $293 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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