News coverage about NewStar Financial (NASDAQ:NEWS) has been trending positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NewStar Financial earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned news stories about the credit services provider an impact score of 45.5119442278514 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several brokerages recently commented on NEWS. Zacks Investment Research upgraded shares of NewStar Financial from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Tuesday, July 11th. Keefe, Bruyette & Woods set a $11.00 price target on shares of NewStar Financial and gave the company a “hold” rating in a report on Monday, April 10th. TheStreet upgraded shares of NewStar Financial from a “d” rating to a “c-” rating in a report on Monday, April 3rd. Finally, ValuEngine upgraded shares of NewStar Financial from a “hold” rating to a “buy” rating in a report on Saturday, May 20th.
NewStar Financial (NASDAQ:NEWS) remained flat at $11.02 during midday trading on Wednesday. 26,264 shares of the stock were exchanged. The stock has a market capitalization of $463.64 million, a P/E ratio of 19.68 and a beta of 2.02. NewStar Financial has a 52 week low of $8.03 and a 52 week high of $11.37. The stock’s 50-day moving average price is $10.34 and its 200-day moving average price is $9.99.
NewStar Financial (NASDAQ:NEWS) last released its quarterly earnings data on Wednesday, May 3rd. The credit services provider reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.16. NewStar Financial had a return on equity of 3.91% and a net margin of 8.98%. The firm had revenue of $20.14 million for the quarter, compared to analyst estimates of $26.27 million. On average, analysts expect that NewStar Financial will post $0.54 earnings per share for the current year.
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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