Ares Capital (ARCC) Forms $16.91 Double Bottom; Profile of 7 Analysts Covering Lancashire Holdings Limited (LON:LRE)

Lancashire Holdings Limited (LON:LRE) Logo

Ares Capital Corporation (ARCC) formed double bottom with $16.40 target or 3.00% below today’s $16.91 share price. Ares Capital Corporation (ARCC) has $7.21B valuation. The stock decreased 0.53% or $0.09 during the last trading session, reaching $16.91. About 2.02 million shares traded. Ares Capital Corporation (NASDAQ:ARCC) has declined 0.18% since June 13, 2017 and is downtrending. It has underperformed by 12.75% the S&P500. Some Historical ARCC News: ; 23/03/2018 – BDCs win leverage cap increase after US$1.3trn budget signed; 13/03/2018 – S&PGR Assigns Ares XXXVIII CLO Ltd. Ratings; 30/03/2018 – S&PGR Asgns Prelim Rtgs To 2 Classes From Ares XXXIIR CLO Ltd; 03/04/2018 – S&P PLACED ARES CAPITAL CORP. ON CREDIT WATCH ‘NEGATIVE’ FROM ‘STABLE’; RATING ‘BBB’; 14/05/2018 – Principal Financial Group Inc. Exits Position in Ares Capital; 17/04/2018 – BDCs move to boost leverage; 24/05/2018 – Ares Capital Forms Golden Cross: Technicals; 06/03/2018 – S&PGR Asgns Ares XLVII CLO Ltd. Nts Prelim Rtg; 02/05/2018 – ARES CAPITAL 1Q TOTAL ASSETS $12.69B; 28/05/2018 – HK Bourse: Announcement From Ares Asia Ltd

Among 21 analysts covering Lancashire Holdings Ltd (LON:LRE), 7 have Buy rating, 3 Sell and 11 Hold. Therefore 33% are positive. Lancashire Holdings Ltd had 194 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Thursday, July 27 by Numis Securities. The company was maintained on Friday, February 19 by Barclays Capital. JP Morgan maintained it with “Neutral” rating and GBX 610 target in Friday, November 6 report. The firm earned “Hold” rating on Monday, October 3 by Peel Hunt. The stock of Lancashire Holdings Limited (LON:LRE) earned “Hold” rating by Peel Hunt on Monday, July 4. The firm has “Add” rating given on Friday, June 9 by Peel Hunt. Peel Hunt maintained Lancashire Holdings Limited (LON:LRE) rating on Wednesday, April 27. Peel Hunt has “Hold” rating and GBX 530 target. Peel Hunt maintained the shares of LRE in report on Monday, March 5 with “Add” rating. The firm earned “Sell” rating on Tuesday, December 8 by Canaccord Genuity. The company was maintained on Wednesday, September 16 by JP Morgan. See Lancashire Holdings Limited (LON:LRE) latest ratings:

04/06/2018 Broker: Peel Hunt Rating: Add Old Target: GBX 690.00 Maintain
09/05/2018 Broker: HSBC Rating: Buy Old Target: GBX 689.00 New Target: GBX 698.00 Maintain
04/05/2018 Broker: Credit Suisse Rating: Neutral Old Target: GBX 580.00 New Target: GBX 580.00 Maintain
03/05/2018 Broker: Numis Securities Rating: Add Old Target: GBX 775.00 Maintain
03/05/2018 Broker: Peel Hunt Rating: Add Old Target: GBX 690.00 Maintain
30/04/2018 Broker: Peel Hunt Rating: Add New Target: GBX 690.00 Maintain
25/04/2018 Broker: Citigroup Rating: Neutral Old Target: GBX 635.00 New Target: GBX 620.00 Maintain
05/03/2018 Broker: Peel Hunt Rating: Add Old Target: GBX 690.00 New Target: GBX 690.00 Maintain
22/02/2018 Broker: Barclays Capital Rating: Equal Weight Old Target: GBX 642.00 New Target: GBX 631.00 Maintain
19/02/2018 Broker: JP Morgan Rating: Neutral Old Target: GBX 725.00 New Target: GBX 650.00 Maintain

Lancashire Holdings Limited provides specialty insurance and reinsurance products worldwide. The company has market cap of 1.15 billion GBP. The firm operates through five divisions: Property, Energy, Marine, Aviation, and LloydÂ’s. It currently has negative earnings. It offers aviation insurance solutions; coverage for upstream operational and construction all risks related to wind, earthquakes, and floods, as well as standalone business interruption coverage; and a range of coverages in marine portfolio, including marine hull, total loss only, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builderÂ’s risks to high-profile accounts, cruise vessels, and liquid natural gas carriers.

The stock decreased 1.87% or GBX 11 during the last trading session, reaching GBX 576. About 238,089 shares traded. Lancashire Holdings Limited (LON:LRE) has 0.00% since June 13, 2017 and is . It has underperformed by 12.57% the S&P500.

Among 18 analysts covering Ares Capital (NASDAQ:ARCC), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. Ares Capital had 28 analyst reports since August 21, 2015 according to SRatingsIntel. On Tuesday, August 9 the stock rating was maintained by JMP Securities with “Market Outperform”. The company was maintained on Thursday, February 25 by Barclays Capital. Jefferies maintained Ares Capital Corporation (NASDAQ:ARCC) rating on Friday, September 22. Jefferies has “Buy” rating and $19.5 target. The firm has “Outperform” rating given on Thursday, October 1 by Macquarie Research. On Thursday, August 3 the stock rating was maintained by RBC Capital Markets with “Hold”. Keefe Bruyette & Woods maintained Ares Capital Corporation (NASDAQ:ARCC) on Wednesday, June 14 with “Buy” rating. The firm has “Overweight” rating given on Wednesday, April 11 by JP Morgan. BMO Capital Markets maintained it with “Hold” rating and $15.0 target in Tuesday, November 14 report. The stock has “Neutral” rating by National Securities on Tuesday, June 28. The firm has “Buy” rating given on Friday, August 21 by Citigroup.

Analysts await Ares Capital Corporation (NASDAQ:ARCC) to report earnings on August, 1. They expect $0.39 EPS, up 14.71% or $0.05 from last year’s $0.34 per share. ARCC’s profit will be $166.26M for 10.84 P/E if the $0.39 EPS becomes a reality. After $0.39 actual EPS reported by Ares Capital Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Ares Capital Corporation (NASDAQ:ARCC) Ratings Chart