Market Overview

Goldman Sachs BDC Initiated At Credit Suisse With Neutral Rating, $21 Target

Why Do Closed-End Funds Trade At Discounts Or Premiums To Their Net Asset Values?
10 Biggest Mid-Day Losers For Friday

In a report published Monday, analysts at Credit Suisse initiated coverage of Goldman Sachs BDC Inc (NYSE: GSBD) with a Neutral rating. The price target has been set at $21, based on a 7 percent premium to the company's current NAV.

The EPS estimates for 2015, 2016 and 2017 have been set at $2.00, $2.00 and $2.05, respectively. "This level of earnings equates to a 10% stabilized 2015 ROE," the analysts explained.

According to Credit Suisse, Goldman Sachs BDC, which is externally managed by Goldman Sachs Asset Management "is the only business within GSAM that is focused on pursuing middle-market direct lending opportunities, and as a result, the BDC should receive full allocation of all deal flow." The analysts also believe that "through its 16 dedicated investment professionals, and by leveraging the broader Goldman Sachs franchise, (Goldman Sachs Asset Management) will deliver attractive deal flow for the BDC."

Latest Ratings for GSBD

May 2017Raymond JamesUpgradesMarket PerformOutperform
Mar 2017Raymond JamesDowngradesOutperformMarket Perform
Jan 2017Wells FargoDowngradesOutperformMarket Perform

View More Analyst Ratings for GSBD
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Price Target Initiation Analyst Ratings


Related Articles (GSBD)

View Comments and Join the Discussion!

Partner Center