trending Market Intelligence /marketintelligence/en/news-insights/trending/UJntZyyq8lk_m8237OWe9g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Ladenburg Thalmann upgrades Eagle Point Credit after Q3 earnings report

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Ladenburg Thalmann upgrades Eagle Point Credit after Q3 earnings report

Ladenburg Thalmann analyst Mickey Schleien upgraded Eagle Point Credit Co. Inc. after the company reported third-quarter net investment income of 37 cents per weighted average common share, in line with consensus.

Given market trends, the loan default rate is expected to climb toward its historical 3% annual rate by end-2020, according to Schleien. In this environment, Eagle Point is "sustainable" despite volatility in net asset value.

The analyst upgraded the company's stock to "buy" from "neutral." He expects net investment income per share of $1.43 in 2019 and $1.52 in 2020. The price target is $16.