Analyst Ratings for Main Street Capital Corp. (MAIN)Updated: 2017-07-27
Shares of Main Street Capital Corp. (NYSE:MAIN) have received a consensus rating of Hold from Wall Street analysts. About 30 days ago, MAIN was issued an average rating of Hold.
Of the 6 analysts covering the stock, 1 gave it a buy rating, 0 gave an overweight rating, 3 issued a hold rating, 0 gave an underweight rating, and 2 issued a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 1.
A number of analysts gave price targets for MAIN. The most optimistic analyst gave a price target of 42, implying a possible profit of 8.09 percent. The most pessimistic price target was 32, which equates to a potential downside of -17.64 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0.93 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -6.06 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.22 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -2.39 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of MAIN to grow at a rate of -22.79 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of MAIN is -0.59.
In the last 52-weeks, MAIN has achieved a high of 40.86 and a low of 32.12. Currently the stock is 20.97 percent higher than its low, and 4.91 percent lower than its 52-week high. MAIN has a price/earnings ratio of 13.45. Investors typically compare the P/E ratio to a company's peers in the industry. The MAIN value stock report compares MAIN to some of its peers using value stock charts. The stock has a market capitalization of $2.17 billion. MAIN is estimated to release their earnings results for the quarter on 0000-00-00, days from today.