Analyst Ratings for Solar Capital Ltd. (SLRC)Updated: 2017-07-27
Shares of Solar Capital Ltd. (NASDAQ:SLRC) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for SLRC last month.
A buy rating was issued by 5 analysts, 0 gave an overweight rating, 4 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. During this time, the number of analysts bearish on the stock has increased by 0.
Many analysts weighed in on price targets for SLRC. The highest price target was 24, implying potential capital gains of 9.74 percent. The lowest price target was 22.4, implying potential capital losses of 2.42 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is -5.73 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -5.11 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
SLRC has an estimated earnings growth rate of -26.93 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of SLRC is -0.36.
SLRC has a 52-week high of 22.94 and a 52-week low of 19.26. Currently the stock is 13.55 percent higher than its low, and below the high by 4.66 percent. SLRC has a price/earnings ratio of 9.63. Investors typically compare the P/E ratio to a company's peers in the industry. The SLRC value stock report compares SLRC to some of its peers using value stock charts. The market cap of SLRC is $0.92739 billion. SLRC is estimated to release their earnings results for the quarter on 0000-00-00, days from today.