Triangle Capital (TCAP) Rating Lowered to Buy at ValuEngine
Triangle Capital (NYSE:TCAP) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report issued on Friday.
A number of other research firms have also weighed in on TCAP. Keefe, Bruyette & Woods set a $18.00 target price on shares of Triangle Capital and gave the stock a “hold” rating in a research report on Thursday, October 5th. Raymond James Financial restated an “underperform” rating on shares of Triangle Capital in a report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Triangle Capital from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. National Securities dropped their price objective on shares of Triangle Capital from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. Finally, Hilliard Lyons upgraded shares of Triangle Capital from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Triangle Capital presently has a consensus rating of “Hold” and an average price target of $16.00.
Triangle Capital (TCAP) opened at $10.61 on Friday. The firm has a market cap of $506.53, a price-to-earnings ratio of -11.79, a price-to-earnings-growth ratio of 1.60 and a beta of 0.87. The company has a current ratio of 56.98, a quick ratio of 56.98 and a debt-to-equity ratio of 0.87. Triangle Capital has a 52-week low of $8.91 and a 52-week high of $20.35.
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About Triangle Capital
Triangle Capital Corporation is an internally managed, non-diversified closed-end management investment company. The Company is a specialty finance company that provides customized financing to lower middle market companies located primarily in the United States. The Company’s investment objective is to seek attractive returns by generating current income from its debt investments and capital appreciation from its equity-related investments.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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