IsFS Investment (NYSE:FSIC) An Attractive Buy? Sterne Agee CRT Initiates Coverage


How Sterne Agee CRT Currently Rates FS Investment (NYSE:FSIC)

In a recent report revealed to investors and clients today, Sterne Agee CRT analysts have commenced coverage FS Investment (NYSE:FSIC) coverage with “Neutral” rating.

From a total of 6 analysts covering FS Investment (NYSE:FSIC) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $11 while the lowest target price is $10.5. The mean of all analyst targets is $10.75 with a 18.52% above today’s ($9.07) stock price. FS Investment was the topic of 3 analyst reports since August 12, 2015 according to the firm StockzIntelligence Inc. DA Davidson initiated shares on September 30 with “Buy” rating.

The stock decreased 2.02% or $0.19 on December 18, striking $9.07. Approximately 1.37 million shares of stock traded hands or 90.43% up from the average. FS Investment Corporation (NYSE:FSIC) has declined 8.05% since May 15, 2015 and is downtrending. It has underperformed by 4.24% the S&P500.

FS Investment Corporation is a non-diversified, closed-end management investment company. The company has a market cap of $2.30 billion. The Company’s investment objectives are to generate current income and a long-term capital appreciation. It has 20.52 P/E ratio. The Company’s portfolio consists of investments in senior secured loans and second lien secured loans of private middle market United States companies and subordinated loans of private United States companies.

According to Zacks Investment Research, “FS Investment Corporation is a business development company. It primarily originates and invests in senior secured loans and other securities of private U.S. companies, with the investment objective of generating current income and, to a lesser extent, long-term capital appreciation. FS Investment Corporation is based in United States.”