Saratoga Investment Corp (NYSE:SAR) Price Target Raised to $24.00 at Maxim Group

Saratoga Investment Corp (NYSE:SAR) had its target price boosted by investment analysts at Maxim Group to $24.00 in a research report issued on Tuesday, October 17th, The Fly reports. The firm currently has a “buy” rating on the financial services provider’s stock. Maxim Group’s price target would indicate a potential upside of 7.29% from the stock’s current price. The analysts noted that the move was a valuation call.

SAR has been the topic of several other research reports. Zacks Investment Research cut shares of Saratoga Investment Corp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. National Securities initiated coverage on shares of Saratoga Investment Corp in a research report on Tuesday, August 29th. They issued a “neutral” rating and a $23.00 target price on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Saratoga Investment Corp in a research report on Thursday, September 7th. Janney Montgomery Scott initiated coverage on shares of Saratoga Investment Corp in a research report on Friday, October 6th. They issued a “neutral” rating on the stock. Finally, Compass Point raised shares of Saratoga Investment Corp from a “neutral” rating to a “buy” rating in a research report on Friday, October 13th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $24.33.

Saratoga Investment Corp (NYSE SAR) opened at 22.37 on Tuesday. The company has a 50-day moving average price of $21.60 and a 200-day moving average price of $21.44. Saratoga Investment Corp has a 52 week low of $17.17 and a 52 week high of $23.78. The stock has a market cap of $134.29 million, a price-to-earnings ratio of 12.16 and a beta of 0.48.

TRADEMARK VIOLATION WARNING: This piece was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://www.dispatchtribunal.com/2017/10/28/maxim-group-increases-saratoga-investment-corp-sar-price-target-to-24-00.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of SAR. Dynamic Technology Lab Private Ltd acquired a new stake in Saratoga Investment Corp in the second quarter valued at approximately $223,000. GSA Capital Partners LLP acquired a new stake in Saratoga Investment Corp in the second quarter valued at approximately $215,000. Northern Trust Corp acquired a new stake in shares of Saratoga Investment Corp in the second quarter worth $213,000. Ameriprise Financial Inc. acquired a new stake in shares of Saratoga Investment Corp in the first quarter worth $213,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Saratoga Investment Corp by 925.6% in the first quarter. JPMorgan Chase & Co. now owns 10,256 shares of the financial services provider’s stock worth $222,000 after buying an additional 9,256 shares during the last quarter. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Saratoga Investment Corp Company Profile

Saratoga Investment Corp. is a specialty finance company. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in leveraged loans and mezzanine debt issued by private middle-market companies in the United States. Its investment objective is to generate current income and, to a lesser extent, capital appreciation from its investments.

The Fly

Analyst Recommendations for Saratoga Investment Corp (NYSE:SAR)

Receive News & Ratings for Saratoga Investment Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saratoga Investment Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply