Analysts Set Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Price Target at $18.50

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $18.50.

NCDL has been the topic of a number of analyst reports. Keefe, Bruyette & Woods initiated coverage on Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They set a "market perform" rating and a $18.50 price objective on the stock. JMP Securities reiterated a "market outperform" rating and set a $18.50 price objective on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, March 26th. Bank of America began coverage on Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They set a "buy" rating and a $19.00 price objective on the stock. Truist Financial began coverage on Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a "buy" rating and a $19.00 price target on the stock. Finally, Wells Fargo & Company began coverage on Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued an "equal weight" rating and a $18.00 price target on the stock.

Nuveen Churchill Direct Lending Stock Performance

NYSE NCDL traded down $0.50 during trading on Wednesday, hitting $17.02. The stock had a trading volume of 67,648 shares, compared to its average volume of 71,570. The company has a 50-day moving average price of $17.39. Nuveen Churchill Direct Lending has a 12 month low of $16.00 and a 12 month high of $18.10.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.04. The company had revenue of $48.95 million for the quarter, compared to the consensus estimate of $48.40 million. On average, equities research analysts forecast that Nuveen Churchill Direct Lending will post 2.23 EPS for the current year.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently disclosed a -- dividend, which will be paid on Monday, April 29th. Shareholders of record on Saturday, March 30th will be issued a $0.10 dividend. This represents a yield of 10.6%. The ex-dividend date of this dividend is Wednesday, March 27th.

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.