Ares Capital Corporation which can be found using ticker (ARCC) now have 14 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between 24 and 18 suggesting an average Analsyt target price of $20.50. Now with the previous closing price of $18.77 this now indicates there is a potential upside of 9.2%. Also worth taking note is the 50 day moving average now sits at $18.10 and the 200 day MA is $18.84. The market capitalization for the company is 10.22B. The stock price for Iron Mountain Incorporated is 18.74 USD
The potential market cap would be $11,163,914,666 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 14.76, revenue per share of 4.44 and a 5.2% return on assets.
Ares Capital Corporation is a specialty finance company, which is a closed-end, non-diversified management investment company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in United States middle-market companies. It invests primarily in first lien senior secured loans (including unitranche loans, which are loans that combine both senior and subordinated debt, generally in a first lien position), and second lien senior secured loans. In addition to senior secured loans, it also invests in subordinated debt, which in some cases includes an equity component, and preferred equity. It also may invest up to 30% of its portfolio in nonqualifying assets. Its investment activities are focused on industries such as software and services, health care services, commercial and professional services, diversified financials, and various others. Its investment adviser is Ares Capital Management LLC.
