Laffer Investments Has Trimmed By $2.77 Million Its Ares Capital (ARCC) Position; 6 Analysts Are Bullish TEGNA Inc. (TGNA) Last Week

December 7, 2017 - By wolcottdaily

Among 14 analysts covering Tegna Inc (NYSE:TGNA), 6 have Buy rating, 1 Sell and 7 Hold. Therefore 43% are positive. Tegna Inc had 40 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Tuesday, August 18 by Wells Fargo. Jefferies maintained TEGNA Inc. (NYSE:TGNA) on Wednesday, July 27 with “Hold” rating. Jefferies downgraded the stock to “Hold” rating in Tuesday, August 4 report. The firm earned “Hold” rating on Wednesday, August 2 by Jefferies. Barrington Research maintained it with “Outperform” rating and $35.0 target in Wednesday, August 26 report. As per Monday, September 11, the company rating was maintained by Jefferies. The firm has “Hold” rating given on Monday, July 10 by Jefferies. The stock of TEGNA Inc. (NYSE:TGNA) has “Underweight” rating given on Friday, April 1 by Barclays Capital. Noble Financial maintained the shares of TGNA in report on Tuesday, October 10 with “Buy” rating. On Friday, June 10 the stock rating was downgraded by Evercore to “Hold”. See TEGNA Inc. (NYSE:TGNA) latest ratings:

14/11/2017 Broker: Noble Financial Rating: Buy Maintain
08/11/2017 Broker: RBC Capital Markets Rating: Hold New Target: $14.0 Maintain
08/11/2017 Broker: FBR Capital Rating: Hold
18/10/2017 Broker: Guggenheim Rating: Buy New Target: $17 Initiates Coverage On
16/10/2017 Broker: Jefferies Rating: Hold New Target: $14.0 Maintain
10/10/2017 Broker: Noble Financial Rating: Buy Maintain
26/09/2017 Broker: RBC Capital Markets Rating: Sector Perform New Target: $14 Initiates Coverage On
22/09/2017 Broker: Wells Fargo Rating: Hold New Target: $14.0
20/09/2017 Broker: Noble Financial Rating: Buy Maintain
20/09/2017 Broker: FBR Capital Rating: Hold New Target: $15.0

Laffer Investments decreased Ares Capital Corp (ARCC) stake by 0.36% reported in 2017Q2 SEC filing. Laffer Investments sold 169 shares as Ares Capital Corp (ARCC)’s stock declined 6.68%. The Laffer Investments holds 46,646 shares with $764.06 million value, down from 46,815 last quarter. Ares Capital Corp now has $6.92 billion valuation. The stock increased 0.87% or $0.14 during the last trading session, reaching $16.24. About 1.72M shares traded. Ares Capital Corporation (NASDAQ:ARCC) has risen 9.72% since December 7, 2016 and is uptrending. It has underperformed by 6.98% the S&P500.

TEGNA Inc., a media company, operates a portfolio of broadcast stations and digital sites; and provides marketing service solutions for businesses. The company has market cap of $2.93 billion. The firm operates 46 television stations in 38 markets that produce local programming, such as news, sports, and entertainment. It has a 16.65 P/E ratio. The Company’s marketing services business provides solutions for clients on multiple channels, including broadcast, online, and OTT.

The stock decreased 1.16% or $0.16 during the last trading session, reaching $13.62. About 1.60 million shares traded. TEGNA Inc. (NYSE:TGNA) has risen 3.02% since December 7, 2016 and is uptrending. It has underperformed by 13.68% the S&P500.

Analysts await Ares Capital Corporation (NASDAQ:ARCC) to report earnings on February, 28. They expect $0.37 earnings per share, down 11.90% or $0.05 from last year’s $0.42 per share. ARCC’s profit will be $157.73 million for 10.97 P/E if the $0.37 EPS becomes a reality. After $0.36 actual earnings per share reported by Ares Capital Corporation for the previous quarter, Wall Street now forecasts 2.78% EPS growth.

Among 17 analysts covering Ares Capital (NASDAQ:ARCC), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. Ares Capital had 26 analyst reports since August 21, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Thursday, February 25 by Barclays Capital. The company was maintained on Wednesday, June 14 by Keefe Bruyette & Woods. The company was maintained on Friday, September 22 by Jefferies. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Hold” rating given on Friday, November 3 by RBC Capital Markets. The firm has “Neutral” rating by National Securities given on Tuesday, June 28. Jefferies maintained Ares Capital Corporation (NASDAQ:ARCC) rating on Tuesday, August 15. Jefferies has “Buy” rating and $19.5 target. JMP Securities maintained Ares Capital Corporation (NASDAQ:ARCC) rating on Tuesday, August 9. JMP Securities has “Market Outperform” rating and $17 target. The firm has “Buy” rating given on Thursday, November 2 by Jefferies. BMO Capital Markets maintained Ares Capital Corporation (NASDAQ:ARCC) on Tuesday, November 14 with “Hold” rating. The rating was initiated by Oppenheimer with “Buy” on Wednesday, September 20.

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