Home » USA Broker Ratings » Ares Capital Corporation – Clos – Consenus Indicates Potential 6.3% Upside

Ares Capital Corporation – Clos – Consenus Indicates Potential 6.3% Upside

Ares Capital Corporation – Clos found using ticker (ARCC) now have 14 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 20.5 and 17 and has a mean target at 19.46. Given that the stocks previous close was at 18.3 this indicates there is a potential upside of 6.3%. The 50 day MA is 18.54 while the 200 day moving average is 18.24. The market capitalisation for the company is $7,903m. You can visit the company’s website by visiting: http://www.arescapitalcorp.com

Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $20 million and $200 million and a maximum of $400 million in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.

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