Ares Capital Corporation (ARCC)
NASDAQ: ARCC · IEX Real-Time Price · USD
20.71
-0.14 (-0.67%)
At close: Jul 19, 2024, 4:00 PM
20.76
+0.05 (0.24%)
Pre-market: Jul 22, 2024, 7:36 AM EDT
Ares Capital Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Ares Capital stock have an average target of 21.44, with a low estimate of 20 and a high estimate of 23. The average target predicts an increase of 3.52% from the current stock price of 20.71.
Analyst Consensus: Buy
* Price targets were last updated on May 23, 2024.
Analyst Ratings
The average analyst rating for Ares Capital stock from 9 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Buy | 3 | 3 | 3 | 5 | 5 | 5 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 9 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Buy Reiterates $22 | Buy | Reiterates | $22 | +6.23% | May 23, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $22 → $22 | Buy | Maintains | $22 → $22 | +6.23% | May 2, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $22 → $23 | Strong Buy | Maintains | $22 → $23 | +11.06% | May 2, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $21 → $22 | Buy | Maintains | $21 → $22 | +6.23% | May 2, 2024 |
| JMP Securities | JMP Securities | Buy Reiterates $21 | Buy | Reiterates | $21 | +1.40% | Mar 26, 2024 |
Financial Forecast
Revenue This Year
2.92B
from 2.61B
Increased by 11.82%
Revenue Next Year
2.94B
from 2.92B
Increased by 0.55%
EPS This Year
2.38
from 2.68
Decreased by -11.15%
EPS Next Year
2.24
from 2.38
Decreased by -5.77%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 3.1B | 3.2B |
| Avg | 2.9B | 2.9B |
| Low | 2.7B | 2.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 20.1% | 10.0% |
| Avg | 11.8% | 0.5% |
| Low | 3.4% | -8.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.55 | 2.38 | 2.28 |
| Avg | 2.38 | 2.24 | 2.21 |
| Low | 2.15 | 2.07 | 2.13 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -4.8% | 0.1% | 1.5% |
| Avg | -11.1% | -5.8% | -1.4% |
| Low | -19.8% | -12.9% | -5.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.