Oppenheimer Believes Saratoga Investment (SAR) Still Has Room to Grow
In a report released today, Mitchel Penn from Oppenheimer initiated coverage with a Buy rating on Saratoga Investment (SAR) and a price target of $29.00. The company’s shares closed last Tuesday at $26.09, close to its 52-week high of $26.85.
According to TipRanks.com, Penn is a 3-star analyst with an average return of 11.4% and a 88.9% success rate. Penn covers the Financial sector, focusing on stocks such as Sixth Street Specialty Lending, TriplePoint Venture Growth, and Trinity Capital, Inc.
Saratoga Investment has an analyst consensus of Strong Buy, with a price target consensus of $29.00.
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The company has a one-year high of $26.85 and a one-year low of $15.00. Currently, Saratoga Investment has an average volume of 43.84K.
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Saratoga Investment Corp. is a specialty finance company, which engages in the provision of financing solutions. Its portfolio includes investments in leveraged loans issued by middle market companies. The company was founded on March 21, 2007 and is headquartered in New York, NY.