Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for ARES CAPITAL CORPORATION (NASDAQ: ARCC) improved in the last week. ARCC’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
ARES CAPITAL CORPORATION (NASDAQ: ARCC) stock declined slightly by -0.05% on 4/8/24. The stock closed at $20.56. However, trading volume in this decline was unusually low at 53% of normal. The stock has performed in line with the market over the last nine months and has declined -1.2% during the last week.
Current PriceTarget Research Rating
ARCC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
ARES CAPITAL CORPORATION has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ARES CAPITAL CORPORATION has a slightly positive Power Rating of 67 and a slightly positive Appreciation Score of 69, and the Positive Value Trend Rating results.
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