In a report issued on November 9, James Fotheringham from BMO Capital reiterated a Hold rating on Corporate Capital Trust Inc (CCT), with a price target of $14.85. The company’s shares closed yesterday at $14.10, close to its 52-week low of $13.69.
According to TipRanks.com, Fotheringham is a 5-star analyst with an average return of 13.4% and a 71.3% success rate. Fotheringham covers the Financial sector, focusing on stocks such as Focus Financial Partners Inc, Goldman Sachs Group Inc, and Credit Acceptance Corp.
The the analyst consensus on Corporate Capital Trust Inc is currently a Hold rating.
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Corporate Capital Trust Inc’s market cap is currently $1.75B and has a P/E ratio of 11.96. The company has a Price to Book ratio of 0.73.
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Corporate Capital Trust, Inc. is a non-traded business development company that offers individuals an opportunity to invest in privately owned American companies. It is externally managed by CNL Fund Advisors Co. and KKR Credit Advisors (US) LLC and its investment objective is to provide stockholders with current income and, to a lesser extent, long-term capital appreciation. The company intends to meet its investment objective by investing primarily in the debt of privately owned companies, with a focus on originated transactions sourced through the networks of its advisors. Corporate Capital Trust was founded on June 9, 2010 and is headquartered in Orlando, FL.
