What is Ares Capital Corporation (ARCC) Price Targets?

Ares Capital Corporation (NASDAQ:ARCC) saw an upside of 1.11% to close Tuesday at $20.98 after adding $0.23 on the day. The 5-day average trading volume is 1,385,920 shares of the company’s common stock. It has gained $21.03 in the past week. An average of 1,898,775 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,985,108.

ARCC’s 1-month performance is 2.89% or $0.69 on its low of $19.52 reached on 09/20/21. The company’s shares have touched a 52-week low of $13.54 and high of $21.03, with the stock’s rally to the 52-week high happening on 10/08/21. YTD, ARCC has achieved 24.22% or $4.09. However, the current price is down -0.26%% from the 52-week high price.

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Insider Transactions

On Nov 23, 324 days have gone by since the last insider trading activity for Ares Capital Corporation (ARCC). ROLL PENELOPE F (Chief Financial Officer) most recently sold 7,000 shares at $16.54 per share on Nov 23. This transaction cost the insider $115,780.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 125.17 and a low of 4.344. ARCC stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.64 while the price-to-book (PB) in the most recent quarter is 1.20.

Ares Capital Corporation pays an annual dividend of $1.64 per share. Its dividend yield is 7.82%. ARCC’s most recent quarterly dividend payment was made on Sep. 30, when it paid $0.41 a share compared with prior rate of $0.40, up 2.44% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.01 reported on Wednesday July 28 2021. Measured over the last 3 years, the Dividend has been growing by 5.26% yearly.

It is projected that Ares Capital Corporation’s next ex-dividend date will be on 13-Dec-2021. ARCC is expected to distribute $0.41 as its next dividend.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ARCC to announce $0.43 per share in earnings in its latest quarter, but it posted $0.53, representing a 23.30% surprise. EBITDA for the quarter stood at more than $274.0 million. ARCC stock balance sheet for the quarter ending June 29 shows that, with total debt at $9.4 billion. Shareholders hold equity totaling $445.87 million

Technical Picture

Let’s look briefly at Ares Capital Corporation (ARCC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 68.29% to suggest the stock is trending Neutral, with historical volatility in this time period at 11.90%.

The stock’s 5-day moving average is $20.86, reflecting a +1.06% or $0.22 change from its current price. ARCC is currently trading +4.64% above its 20-day SMA, +9.21% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +4.80% and +28.16% respectively.

Stochastic %K and %D was 87.87% and 89.89% and the average true range (ATR) pointed at 0.26. The RSI (14) points at 65.02%, while the 14-day stochastic is at 94.18% with the period’s ATR at 0.26. The stock’s 9-day MACD Oscillator is pointing at 0.17 and 0.34 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Ares Capital Corporation (NASDAQ: ARCC), JP Morgan downgraded it to a Neutral rating. They previously had an Overweight rating on the stock.


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