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XAI Octagon Floating Rate & Alternative Income Trust - XFLT Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $8.00
  • Forecasted Upside: 14.61%
  • Number of Analysts: 1
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$6.98 As of 04/24/2024 01:00 AM ET
▼ -0.01 (-0.14%)

This chart shows the closing price for XFLT by one month, three months, or twelve months.

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Analyst Price Target for XFLT

Analyst Price Target is $8.00
▲ +14.61% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for XAI Octagon Floating Rate & Alternative Income Trust in the last 3 months. The average price target is $8.00, with a high forecast of $8.00 and a low forecast of $8.00. The average price target represents a 14.61% upside from the last price of $6.98.

This chart shows the closing price for XFLT for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 1 polled investment analysts is to buy stock in XAI Octagon Floating Rate & Alternative Income Trust. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

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Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
11/2/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/31/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/1/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/30/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/28/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/26/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/26/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/25/2024

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
9/12/2023B. RileyBoost TargetBuy ➝ Buy$7.50 ➝ $8.00Low
6/6/2023B. RileyLower Target$8.00 ➝ $7.50Low
10/20/2022B. RileyLower TargetBuy$9.00 ➝ $8.00Low
9/23/2021B. RileyInitiated CoverageBuy$10.50Low
5/30/2019National SecuritiesReiterated RatingBuy$13.00Low
(Data available from 4/25/2019 forward)

News Sentiment Rating

0.97 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 1 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/28/2023
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/28/2023
  • 1 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/27/2023
  • 1 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/27/2023
  • 3 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/26/2024
  • 3 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/25/2024
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/26/2024
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/25/2024

Current Sentiment

  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

XAI Octagon Floating Rate & Alternative Income Trust logo
XAI Octagon Floating Rate & Alternative Income Term Trust invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets. Under normal market conditions, the Trust will invest at least 80% of managed assets in senior secured loans, CLO debt and CLO equity. The Trust seeks attractive total return with an emphasis on income generation across multiple stages of the credit cycle. There can be no assurance that the Trust will achieve its investment objective, and you could lose some or all of your investment.
Read More

Today's Range

Now: $6.98
Low: $6.97
High: $7.01

50 Day Range

MA: $7.10
Low: $6.97
High: $7.26

52 Week Range

Now: $6.98
Low: $6.26
High: $7.76

Volume

343,146 shs

Average Volume

356,430 shs

Market Capitalization

N/A

P/E Ratio

8.02

Dividend Yield

0.10%

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of XAI Octagon Floating Rate & Alternative Income Trust?

The following Wall Street sell-side analysts have issued research reports on XAI Octagon Floating Rate & Alternative Income Trust in the last year: B. Riley.
View the latest analyst ratings for XFLT.

What is the current price target for XAI Octagon Floating Rate & Alternative Income Trust?

1 Wall Street analysts have set twelve-month price targets for XAI Octagon Floating Rate & Alternative Income Trust in the last year. Their average twelve-month price target is $8.00, suggesting a possible upside of 14.6%. B. Riley has the highest price target set, predicting XFLT will reach $8.00 in the next twelve months. B. Riley has the lowest price target set, forecasting a price of $8.00 for XAI Octagon Floating Rate & Alternative Income Trust in the next year.
View the latest price targets for XFLT.

What is the current consensus analyst rating for XAI Octagon Floating Rate & Alternative Income Trust?

XAI Octagon Floating Rate & Alternative Income Trust currently has 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe XFLT will outperform the market and that investors should add to their positions of XAI Octagon Floating Rate & Alternative Income Trust.
View the latest ratings for XFLT.

How do I contact XAI Octagon Floating Rate & Alternative Income Trust's investor relations team?

XAI Octagon Floating Rate & Alternative Income Trust's physical mailing address is 321 North Clark Street #2430, Chicago, Illinois 60654. The company's listed phone number is 312-374-6930. The official website for XAI Octagon Floating Rate & Alternative Income Trust is www.xainvestments.com. Learn More about contacing XAI Octagon Floating Rate & Alternative Income Trust investor relations.