RBC Capital analyst Jason Arnold reiterated a Buy rating on Apollo Investment Corp (NASDAQ: AINV) yesterday and set a price target of $7. The company’s shares opened today at $6.26.
According to TipRanks.com, Arnold is a 5-star analyst with an average return of 11.2% and a 63.6% success rate. Arnold covers the Financial sector, focusing on stocks such as Discover Financial Services, Santander Consumer USA, and Capital One Financial.
Currently, the analyst consensus on Apollo Investment Corp is Moderate Buy and the average price target is $6.63, representing a 5.9% upside.
In a report issued on May 12, Jefferies also reiterated a Buy rating on the stock with a $7 price target.
The company has a one year high of $6.82 and a one year low of $5.03. Currently, Apollo Investment Corp has an average volume of 1.05M.
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Apollo Investment Corp. is a business development company that invests in middle market companies with revenues of $50 million – $2 billion located in the US. Sectors of interest include aviation, building materials, business services, cable television, chemicals, consumer products, direct marketing, distribution, energy or utilities, financial services, healthcare, manufacturing, media , oil & gas, publishing, retail, and transportation. The fund provides financing primarily in various forms of debt including secured, unsecured and mezzanine debt and to a lesser extent, equity with an investment size ranging from $20 to $250 million. It also makes investments in public companies.