JMP Securities Reiterates “Market Outperform” Rating for Nuveen Churchill Direct Lending (NYSE:NCDL)

Nuveen Churchill Direct Lending (NYSE:NCDL)‘s stock had its “market outperform” rating restated by investment analysts at JMP Securities in a research note issued on Tuesday, Benzinga reports. They currently have a $18.50 price objective on the stock. JMP Securities’ target price suggests a potential upside of 7.75% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. UBS Group began coverage on shares of Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They issued a “neutral” rating and a $18.00 price objective on the stock. Bank of America initiated coverage on shares of Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They issued a “buy” rating and a $19.00 price objective on the stock. Wells Fargo & Company initiated coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They set an “equal weight” rating and a $18.00 price target on the stock. Truist Financial initiated coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They set a “buy” rating and a $19.00 price target on the stock. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They set a “market perform” rating and a $18.50 price target on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.50.

Nuveen Churchill Direct Lending Trading Up 0.3 %

Shares of NCDL stock opened at $17.17 on Tuesday. Nuveen Churchill Direct Lending has a 52 week low of $16.00 and a 52 week high of $18.10.

Nuveen Churchill Direct Lending (NYSE:NCDL) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. The firm had revenue of $48.95 million during the quarter, compared to analyst estimates of $48.40 million. Research analysts anticipate that Nuveen Churchill Direct Lending will post 2.23 EPS for the current fiscal year.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It has elected to be regulated as a business development company. Nuveen Churchill Direct Lending Corp. is based in NEW YORK.