In a report released yesterday, James Fotheringham from BMO Capital reiterated a Hold rating on Oaktree Specialty Lending Corporation (NASDAQ: OCSL), with a price target of $5. The company’s shares closed yesterday at $4.98.
According to TipRanks.com, Fotheringham is a 5-star analyst with an average return of 16.6% and a 83.1% success rate. Fotheringham covers the Financial sector, focusing on stocks such as Goldman Sachs Group Inc, Credit Acceptance Corp, and Santander Consumer USA.
Currently, the analyst consensus on Oaktree Specialty Lending Corporation is a Moderate Buy with an average price target of $5.33, implying a 7.0% upside from current levels. In a report issued on August 8, KBW also reiterated a Hold rating on the stock with a $5.50 price target.
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The company has a one-year high of $5.91 and a one-year low of $4.17. Currently, Oaktree Specialty Lending Corporation has an average volume of 405.5K.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock.
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Oaktree Specialty Lending Corp. is a specialty finance company, which engages in the provision of customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets. Its portfolio include first lien, second lien, kemper jv, and equity.
