Market Overview

UPDATE: Stifel Nicolaus Raises PT to $18 on Ares Capital Corporation Post Earnings Beat

Related ARCC
Ares Capital Corporation Prices 14.3M Share Public Offering
Big Income with BDCs (BDCS, BIZD, ARCC, ACAS)

Stifel Nicolaus reiterated its Buy rating on Ares Capital Corporation (NASDAQ: ARCC) and increased its price target from $17.50 to $18.

Stifel Nicolaus noted, "We continue to believe ARCC represents an attractive risk/return opportunity in the BDC sector although if the stock would approach our new $18.00 target price, based on the information we currently have, we will likely have a difficult time moving the target price much higher. The stock is trading at 1.11x book value, has a current dividend yield of 8.7% (or a 9.9% dividend yield if it continues to pay a $0.05 special dividend each quarter which we believe is likely to continue) and a 2013 earnings yield of 9.3%."

Ares Capital Corporation closed at $17.46 on Monday.

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

Most Popular

Related Articles (ARCC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free