Ready Capital (RC) Stock Forecast & Price Target

$9.32

+0.19 (+2.08%)

(As of 07/26/2024 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 7 Analyst Ratings

Based on 7 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 7 analysts, 1 has given a sell rating, 5 have given a hold rating, and 1 has given a buy rating for RC.

Consensus Price Target

$10.93
17.26% Upside

High Forecast	$14.00
Average Forecast	$10.93
Low Forecast	$8.00

According to the 7 analysts' twelve-month price targets for Ready Capital, the average price target is $10.93. The highest price target for RC is $14.00, while the lowest price target for RC is $8.00. The average price target represents a forecasted upside of 17.26% from the current price of $9.32.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Hold	Hold	Hold	Moderate Buy
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)	2 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$10.93	$10.93	$10.93	$13.71
Forecasted Upside	17.26% Upside	15.77% Upside	15.77% Upside	12.58% Upside

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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	2.45	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	17.26% Upside	35.47% Upside	9.16% Upside
News Sentiment Rating	Positive News	Neutral 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
7/19/2024	BTIG Research 2 of 5 stars	S. Barcomb Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Strong-Buy ➝ Neutral
5/10/2024	LADENBURG THALM/SH SH 4 of 5 stars	C. Nolan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
3/20/2024	UBS Group 4 of 5 stars		Lower Target	Neutral ➝ Neutral	$10.50 ➝ $9.50	+3.49%
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%
3/4/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Underperform	$10.00 ➝ $8.00	-10.81%
12/18/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
10/17/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$11.00	+6.80%
8/8/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$15.00 ➝ $14.00	+25.56%
2/28/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$13.00 ➝ $12.50	+12.01%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:24 PM ET.

RC Forecast - Frequently Asked Questions

What is Ready Capital's forecast for 2024?: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Ready Capital is $10.93, with a high forecast of $14.00 and a low forecast of $8.00.
Should I buy or sell Ready Capital stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ready Capital in the last twelve months. There is currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
Does Ready Capital's stock price have much upside?: According to analysts, Ready Capital's stock has a predicted upside of 14.74% based on their 12-month stock forecasts.
Has Ready Capital been downgraded by Wall Street analysts recently?: Over the previous 90 days, Ready Capital's stock had 1 downgrade by analysts.
What analysts cover Ready Capital?: Ready Capital has been rated by research analysts at BTIG Research, and LADENBURG THALM/SH SH in the past 90 days.
Do Wall Street analysts like Ready Capital more than its competitors?: 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 2.44. Learn more on how RC compares to other companies.