Equities research analysts at Robert W. Baird reduced their price objective on shares of Monroe Capital Corp (NASDAQ:MRCC) from $15.00 to $14.00 in a research note issued to investors on Tuesday, Analyst Ratings Net reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 15.61% from the company’s current price.
A number of other analysts have also recently weighed in on MRCC. Analysts at Ladenburg Thalmann initiated coverage on shares of Monroe Capital Corp in a research note to investors on Thursday, September 26th. They set a “buy” rating and a $14.50 price target on the stock. Analysts at Thomson Reuters/Verus initiated coverage on shares of Monroe Capital Corp in a research note to investors on Monday, August 26th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Monroe Capital Corp has an average rating of “Buy” and an average price target of $15.50.
Shares of Monroe Capital Corp (NASDAQ:MRCC) traded down 0.23% during mid-day trading on Tuesday, hitting $12.11. The stock had a trading volume of 121,295 shares. Monroe Capital Corp has a 1-year low of $11.05 and a 1-year high of $15.46. The stock’s 50-day moving average is $13.11 and its 200-day moving average is $14.09.
Monroe Capital Corp (NASDAQ:MRCC) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.28 by $0.01. On average, analysts predict that Monroe Capital Corp will post $1.11 earnings per share for the current fiscal year.
Monroe Capital Corporation is an externally managed, closed-end, non-diversified management investment company.
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