Ready Capital Corporation (RC)
NYSE: RC · IEX Real-Time Price · USD
8.47
0.00 (0.00%)
At close: Apr 18, 2024, 4:00 PM
8.58
+0.11 (1.30%)
After-hours: Apr 18, 2024, 7:41 PM EDT
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 296.46% from the current stock price of 8.47.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Ready Capital stock from 7 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 2 | 3 |
| Buy | 1 | 0 | 0 | 0 | 0 | 0 |
| Hold | 4 | 6 | 6 | 6 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 7 | 7 | 7 | 6 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BTIG | BTIG | Strong Buy Maintains $12 → $10 | Strong Buy | Maintains | $12 → $10 | +18.06% | Apr 17, 2024 |
| UBS | UBS | Hold Maintains $11 → $9.5 | Hold | Maintains | $11 → $9.5 | +12.16% | Mar 20, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Reiterates $13 → $12 | Strong Buy | Reiterates | $13 → $12 | +41.68% | Mar 4, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold → Sell Downgrades $10 → $8 | Hold → Sell | Downgrades | $10 → $8 | -5.55% | Mar 4, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $134 → $151 | Strong Buy | Maintains | $134 → $151 | +1,682.76% | Mar 1, 2024 |
Financial Forecast
Revenue This Year
300.39M
from 630.58M
Decreased by -52.36%
Revenue Next Year
355.33M
from 300.39M
Increased by 18.29%
EPS This Year
1.17
from 2.22
Decreased by -47.34%
EPS Next Year
1.28
from 1.17
Increased by 9.13%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 390.9M | 514.2M |
| Avg | 300.4M | 355.3M |
| Low | 212.7M | 253.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | -38.0% | 71.2% |
| Avg | -52.4% | 18.3% |
| Low | -66.3% | -15.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.45 | 1.51 | 1.25 |
| Avg | 1.17 | 1.28 | 1.23 |
| Low | 0.64 | 0.79 | 1.17 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -34.7% | 29.3% | -2.1% |
| Avg | -47.3% | 9.1% | -3.9% |
| Low | -71.3% | -32.1% | -8.6% |
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.