Eagle Point Credit Company with ticker code (ECC) now have 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 16 and 15.5 with a mean TP of 15.83. Now with the previous closing price of 14.02 this is indicating there is a potential upside of 12.9%. The 50 day moving average now sits at 13.95 and the 200 moving average now moves to 13.97. The company has a market cap of $469m. Visit the company website at: https://www.eaglepointcreditcompany.com
The potential market cap would be $530m based on the market concensus.
Eagle Point Credit Company is a closed ended fund launched and managed by Eagle Point Credit Management LLC. It invests in fixed income markets of the United States. The fund invests equity and junior debt tranches of collateralized loan obligations consisting primarily of below investment grade U.S. senior secured loans. Eagle Point Credit Company was formed on March 24, 2014 and is domiciled in the United States.
