Ready Capital Corporation (RC)
NYSE: RC · IEX Real-Time Price · USD
8.28
+0.17 (2.10%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Ready Capital Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Ready Capital stock have an average target of 33.58, with a low estimate of 8.00 and a high estimate of 151. The average target predicts an increase of 305.56% from the current stock price of 8.28.
Analyst Consensus: Buy
* Price targets were last updated on Apr 17, 2024.
Analyst Ratings
The average analyst rating for Ready Capital stock from 8 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 2 | 3 | 3 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 6 | 6 | 3 | 3 | 4 | 4 |
| Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 6 | 7 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Ladenburg Thalmann | Ladenburg Thalmann | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | May 10, 2024 |
| BTIG | BTIG | Strong Buy Maintains $12 → $10 | Strong Buy | Maintains | $12 → $10 | +20.77% | Apr 17, 2024 |
| UBS | UBS | Hold Maintains $11 → $9.5 | Hold | Maintains | $11 → $9.5 | +14.73% | Mar 20, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Reiterates $13 → $12 | Strong Buy | Reiterates | $13 → $12 | +44.93% | Mar 4, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold → Sell Downgrades $10 → $8 | Hold → Sell | Downgrades | $10 → $8 | -3.38% | Mar 4, 2024 |
Financial Forecast
Revenue This Year
246.11M
from 630.58M
Decreased by -60.97%
Revenue Next Year
290.63M
from 246.11M
Increased by 18.09%
EPS This Year
1.11
from 2.22
Decreased by -50.00%
EPS Next Year
1.23
from 1.11
Increased by 10.83%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 272.3M | 340.4M |
| Avg | 246.1M | 290.6M |
| Low | 203.8M | 235.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | -56.8% | 38.3% |
| Avg | -61.0% | 18.1% |
| Low | -67.7% | -4.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.28 | 1.46 | 1.43 |
| Avg | 1.11 | 1.23 | 1.40 |
| Low | 0.61 | 0.59 | 1.33 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -42.3% | 31.5% | 16.1% |
| Avg | -50.0% | 10.8% | 13.9% |
| Low | -72.6% | -47.0% | 8.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.