Nuveen Churchill Direct Lending (NYSE:NCDL) Receives “Market Outperform” Rating from JMP Securities

Nuveen Churchill Direct Lending (NYSE:NCDL)‘s stock had its “market outperform” rating reaffirmed by analysts at JMP Securities in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $18.50 price target on the stock. JMP Securities’ price objective would indicate a potential upside of 7.75% from the company’s previous close.

NCDL has been the topic of several other research reports. UBS Group assumed coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a “neutral” rating and a $18.00 target price on the stock. Truist Financial assumed coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a “buy” rating and a $19.00 target price on the stock. Bank of America assumed coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a “buy” rating and a $19.00 target price on the stock. Wells Fargo & Company assumed coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued an “equal weight” rating and a $18.00 target price on the stock. Finally, Keefe, Bruyette & Woods began coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a “market perform” rating and a $18.50 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.50.

Nuveen Churchill Direct Lending Stock Up 0.3 %

NCDL opened at $17.17 on Tuesday. Nuveen Churchill Direct Lending has a fifty-two week low of $16.00 and a fifty-two week high of $18.10.

Nuveen Churchill Direct Lending (NYSE:NCDL) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. The business had revenue of $48.95 million for the quarter, compared to analyst estimates of $48.40 million. Equities research analysts forecast that Nuveen Churchill Direct Lending will post 2.23 earnings per share for the current year.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It has elected to be regulated as a business development company. Nuveen Churchill Direct Lending Corp. is based in NEW YORK.