NewStar Financial (NASDAQ:NEWS) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Several other research analysts have also recently weighed in on NEWS. Janney Montgomery Scott cut shares of NewStar Financial from a “buy” rating to a “neutral” rating in a report on Tuesday, October 17th. Zacks Investment Research cut shares of NewStar Financial from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $11.50.
NewStar Financial (NASDAQ NEWS) opened at $11.72 on Friday. The firm has a market cap of $484.12, a P/E ratio of 24.79 and a beta of 2.10. NewStar Financial has a 1-year low of $8.54 and a 1-year high of $12.59. The company has a quick ratio of 9.21, a current ratio of 10.24 and a debt-to-equity ratio of 4.55.
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NewStar Financial Company Profile
NewStar Financial, Inc (NewStar) is a commercial finance company. The Company operates through two segments: Commercial Lending and Asset Management. The Commercial Lending segment represents its direct lending activities, which are focused on providing a range of flexible senior secured debt options to mid-sized companies.
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