From what 7 stock analysts predict, the share price for Ares Capital Corp (ARCC) might increase by 5.87% in the next year. This is based on a 12-month average estimation for ARCC. Price targets go from $20.00 to $23.00. The majority of stock analysts believe ARCC is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
ARCC is a stock in Finance which has been forecasted to be worth $21.29 as an average. On the higher end, the forecast price is $23.00 USD by casey alexander from Compass Point and on the lower end ARCC is forecasted to be $20.00 by matthew howlett from B.Riley Financial.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
bryce rowe B.Riley Financial | Hold | $20.0 | maintained | Feb 8, 2024 |
ryan lynch KBW | Buy | $22.0 | maintained | Feb 8, 2024 |
kenneth lee RBC Capital | Buy | $22.0 | maintained | Feb 8, 2024 |
casey alexander Compass Point | Buy | $23.0 | reiterated | Feb 8, 2024 |
mitchel penn Oppenheimer | Buy | $21.0 | maintained | Feb 8, 2024 |
devin ryan JMP Securities | Buy | $21.0 | reiterated | Feb 8, 2024 |
finian o'shea Wells Fargo | Hold | $20.0 | maintained | Feb 7, 2024 |
derek hewett Bank of America Securities | Buy | $21.0 | reiterated | Oct 24, 2023 |
mark hughes Truist Financial | Buy | $21.0 | maintained | Oct 24, 2023 |
richard shane J.P. Morgan | Buy | $21.0 | maintained | Oct 24, 2023 |
melissa wedel J.P. Morgan | Buy | $21.0 | maintained | Oct 24, 2023 |
arren cyganovich Citi | Buy | $21.0 | maintained | Jul 25, 2023 |
robert dodd Raymond James | Buy | $20.5 | maintained | Jan 17, 2023 |
michael ramirez Truist Financial | Buy | $21.0 | maintained | Oct 27, 2022 |
john hecht Jefferies | Buy | $22.0 | maintained | Oct 13, 2022 |
john rowan Janney Montgomery | Buy | $22.0 | initiatedcoverage | Dec 3, 2021 |
mark devries Barclays | Hold | $20.0 | maintained | Jul 29, 2021 |
henry coffey Wedbush | Buy | $21.0 | maintained | Apr 29, 2021 |
chris kotowski Oppenheimer | Buy | $19.0 | rated | Apr 28, 2021 |
christopher york JMP Securities | Buy | $16.0 | maintained | Aug 5, 2020 |
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.
When did it IPO
2004
Staff Count
0
Country
United States
Sector/Industry
Financial Services/Asset Management
CEO
Mr. Robert Kipp DeVeer III
Market Cap
$11.66B
In 2023, ARCC generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that ARCC's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2019
Revenue From 2020
Revenue From 2021
Revenue From 2022
RGEN-USD
$208.42
MORN-USD
$273.91
EVRG-USD
$50.61
MSTR-USD
$699.56
GTLB-USD
$70.18
EXAS-USD
$63.29