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Investing.com - JMP Securities reiterated its Market Outperform rating on Nuveen Churchill Direct Lending Corp (NYSE:NCDL) with an $18.00 price target. The company, currently trading at $16.11, offers a substantial 12.41% dividend yield, though InvestingPro data indicates weak overall financial health.
The firm maintained its earnings per share estimates for the company, projecting $1.90 for 2025 and $1.80 for 2026. InvestingPro analysis reveals that 2 analysts have recently revised their earnings expectations downward for the upcoming period.
JMP’s price target for Nuveen Churchill Direct Lending reflects approximately a 1.00x multiple on the firm’s forward net asset value estimate.
The rating reaffirmation comes as part of JMP’s ongoing coverage of the lending company’s stock performance and financial outlook.
The analysis was conducted by JMP Securities, which continues to view Nuveen Churchill Direct Lending favorably within its market segment.
In other recent news, Nuveen Churchill Direct Lending Corp. held its virtual annual shareholder meeting, where shareholders voted on key proposals. The election of Class II directors was a significant agenda item, resulting in the re-election of Reena Aggarwal and James Ritchie. Aggarwal received 25,743,860 votes in favor, while Ritchie garnered 25,750,097 votes. Both directors are set to serve until the 2028 annual meeting. The meeting saw a quorum with 28,557,074 shares present or represented by proxy. Shareholders as of March 31, 2025, were eligible to participate in the voting process. These developments reflect the ongoing governance activities within Nuveen Churchill Direct Lending Corp.
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