Stock Rating Downgrade
Recently the Value Trend Rating for ARES CAPITAL CORPORATION (NASDAQ: ARCC) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
ARES CAPITAL CORPORATION (NASDAQ: ARCC) stock rose modestly by 0.8% on 6/7/24. The stock closed at $21.53. However, trading volume in this advance was below average at 78% of normal. The stock has performed in line with the market over the last nine months and has risen 0.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, ARCC is expected to continue to be an important Value Builder.
ARES CAPITAL CORPORATION has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ARES CAPITAL CORPORATION has a slightly positive Appreciation Score of 67 and a neutral Power Rating of 40, triggering the Neutral Value Trend Rating.
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