Ready Capital (RC) Stock Forecast & Price Target

$7.02 -0.05 (-0.71%)

(As of 11/15/2024 ET)

Ready Capital - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 8 Analyst Ratings

Sell
1

Hold
6

Buy
1

Based on 8 Wall Street analysts who have issued ratings for Ready Capital in the last 12 months, the stock has a consensus rating of "Hold." Out of the 8 analysts, 1 has given a sell rating, 6 have given a hold rating, and 1 has given a buy rating for RC.

Consensus Price Target

$9.04
28.80% Upside

According to the 8 analysts' twelve-month price targets for Ready Capital, the average price target is $9.04. The highest price target for RC is $12.00, while the lowest price target for RC is $7.50. The average price target represents a forecasted upside of 28.80% from the current price of $7.02.

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RC Analyst Ratings Over Time

Type	Current Forecast 11/16/23 to 11/15/24	1 Month Ago 10/17/23 to 10/16/24	3 Months Ago 8/18/23 to 8/17/24	1 Year Ago 11/16/22 to 11/16/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$9.04	$9.38	$10.04	$12.00
Forecasted Upside	28.80% Upside	27.38% Upside	19.26% Upside	21.27% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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RC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Ready Capital Stock vs. The Competition

Type	Ready Capital	Finance Companies	S&P 500
Consensus Rating Score	2.00	2.49	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	28.80% Upside	12.17% Upside	9.92% Upside
News Sentiment Rating	Neutral News See Recent RC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/15/2024	UBS Group 4 of 5 stars		Lower Target	Neutral ➝ Neutral	$8.50 ➝ $7.50	+6.69%
9/16/2024	Piper Sandler 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$9.50 ➝ $8.00	+3.76%
8/12/2024	Keefe, Bruyette & Woods 4 of 5 stars		Lower Target	Underperform ➝ Underperform	$8.00 ➝ $7.75	-8.18%
8/12/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$9.00 ➝ $9.00	+3.09%
7/19/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Barcomb Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Strong-Buy ➝ Neutral
5/10/2024	LADENBURG THALM/SH SH Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Nolan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
3/4/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$13.00 ➝ $12.00	+34.38%
12/18/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
8/8/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$15.00 ➝ $14.00	+25.56%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:48 AM ET.

RC Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Ready Capital is $9.04, with a high forecast of $12.00 and a low forecast of $7.50.
: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ready Capital in the last twelve months. There is currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RC, but not buy additional shares or sell existing shares.
: According to analysts, Ready Capital's stock has a predicted upside of 28.80% based on their 12-month stock forecasts.
: Ready Capital has been rated by research analysts at Piper Sandler, and UBS Group in the past 90 days.
: Analysts like Ready Capital less than other "finance" companies. The consensus rating score for Ready Capital is 2.00 while the average consensus rating score for "finance" companies is 2.49. Learn more on how RC compares to other companies.

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This page (NYSE:RC) was last updated on 11/15/2024 by MarketBeat.com Staff

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Ready Capital (RC) Stock Forecast & Price Target