Jefferies analyst Kyle Joseph reiterated a Hold rating on THL Credit (TCRD) on November 13 and set a price target of $7. The company’s shares opened today at $7.21, close to its 52-week low of $7.07.
According to TipRanks.com, Joseph is ranked #772 out of 4891 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for THL Credit with a $7 average price target, representing a -2.9% downside. In a report issued on November 9, Raymond James also downgraded the stock to Hold.
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Based on THL Credit’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $4.65 million. In comparison, last year the company had a net profit of $4.11 million.
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THL Credit, Inc. is an externally managed, non-diversified closed-end management investment company. Its objective is to generate both current income and capital appreciation, through investments in privately negotiated debt and equity securities of lower middle market companies. The company was founded on May 26, 2009 and is headquartered in Boston, MA.
