Eagle Point Credit Company Inc. with ticker code (ECC) now have 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 13 and 11.5 with the average target price sitting at 12.33. Now with the previous closing price of 10.7 this now indicates there is a potential upside of 15.2%. There is a 50 day moving average of 10.78 while the 200 day moving average is 11.49. The market capitalisation for the company is $506m. Company Website: https://www.eaglepointcreditcompany.com
The potential market cap would be $583m based on the market concensus.
Eagle Point Credit Company Inc. 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 Inc. was formed on March 24, 2014 and is domiciled in the United States.
