Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Lendingtree Inc (NASDAQ:TREE) and Ares Capital Corp (NASDAQ:ARCC).
Lendingtree Inc (TREE)
In a report released today, Youssef Squali from SunTrust Robinson maintained a Hold rating on Lendingtree Inc, with a price target of $280. The company’s shares opened today at $216.80, close to its 52-week low of $183.25.
Squali wrote:
“We think this trend is likely to continue for the foreseeable future.”
According to TipRanks.com, Squali is a top 100 analyst with an average return of 18.7% and a 65.6% success rate. Squali covers the Technology sector, focusing on stocks such as Cardlytics Inc, Eventbrite Inc, and Alphabet Inc.
Currently, the analyst consensus on Lendingtree Inc is a Moderate Buy with an average price target of $271.75.
See today’s analyst top recommended stocks >>
Ares Capital Corp (ARCC)
Oppenheimer analyst Allison M. Taylor maintained a Buy rating on Ares Capital Corp today and set a price target of $18. The company’s shares opened today at $17.20, close to its 52-week high of $17.59.
Taylor commented:
“ARCC reported “core 3Q18, handedly beating our $0.39 estimate and covering the $0.39 dividend with ease. Core operations continue to show strength with many trends to like: strong portfolio and credit trends (ARCC is the only BDC with an investment-grade rating from the big three), ample liquidity, and the ability to fund larger-scale commitments, thanks to its scope. ARCC’s asset sensitivity means it will benefit from rising rates, and overall the balance sheet leverage of 0.63x is well below its target leverage rate of 1.25x. To us, this all points in the direction of substantial earnings growth, even in a challenging and valuation-rich environment. ARCC remains a top pick among our BDCs.”
According to TipRanks.com, Taylor is a 1-star analyst with an average return of -3.1% and a 39.3% success rate. Taylor covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Oaktree Capital Group Llc, and Blackstone Group.
Currently, the analyst consensus on Ares Capital Corp is a Moderate Buy with an average price target of $18.
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