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UBS Reaffirms Their Hold Rating on Ares Capital (ARCC)

Tipranks - Sat Mar 14, 9:06AM CDT

In a report released today, Douglas Harter from UBS maintained a Hold rating on Ares Capital, with a price target of $19.00.

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According to TipRanks, Harter is a 5-star analyst with an average return of 16.3% and a 64.29% success rate. Harter covers the Real Estate sector, focusing on stocks such as Rithm Capital, Two Harbors, and PennyMac Mortgage.

In addition to UBS, Ares Capital also received a Hold from TipRanks – xAI’s xAi Asset Management in a report issued on February 28. However, today, J.P. Morgan maintained a Buy rating on Ares Capital (NASDAQ: ARCC).

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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