Eagle Point Credit Company Inc. with ticker code (ECC) have now 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 13 and 11.5 suggesting an average Analsyt target price of $12.17. Given that the stocks previous close was at $11.17 and the analysts are correct then there would likely be a percentage uptick in value of 9.0%. It’s also worth noting that there is a 50 day moving average of $11.02 while the 200 day moving average is $11.10. The market cap for the company is $650m. You can visit the company’s website by visiting: https://www.eaglepointcreditcompany.com
The potential market cap would be $709m based on the market consensus.
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.
The company has a dividend yield of 15.04% with the ex dividend date set at 10-5-2023 (DMY).
