Stock News

Shares of Ready Capital (RC) Struck With Upgrade From Ladenburg Thalmann. Should Investors Now Buy the Stock?

Ready Capital (RC) Stock Upgrade

Stock analysts at Ladenburg Thalmann’s equity research division upped the rating on shares of Ready Capital (RC) from a Neutral to a Buy earlier today. The analysts now have a $17 price target on RC or a 14.02 % upside.

The stock increased 2.40% or $0.35 during the last trading session, reaching $14.91. About 162,608 shares traded or 241.09% up from the average. Ready Capital Corporation (RC) has 0.00% since November 10, 2017 and is . It has underperformed by 15.62% the S&P500.

Analysts await Ready Capital Corporation (NYSE:RC) to report earnings on November, 14. They expect $0.40 EPS, up 8.11 % or $0.03 from last year’s $0.37 per share. RC’s profit will be $13.27 million for 9.32 P/E if the $0.40 EPS becomes a reality. After $0.47 actual EPS reported by Ready Capital Corporation for the previous quarter, Wall Street now forecasts -14.89 % negative EPS growth.

Ready Capital Corporation operates as a real estate finance company. The company has market cap of $494.67 million. The firm acquires, originates, manages, services, and finances small balance commercial loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments. It has a 8.39 P/E ratio. It operates through four divisions: Loan Acquisitions; SBC Originations; SBA Originations, Acquisitions and Servicing; and Residential Mortgage Banking.

More news for Ready Capital Corporation (NYSE:RC) were recently published by: Prnewswire.com, which released: “Ready Capital Corporation Announces Third Quarter 2018 Earnings Release And Conference Call” on November 01, 2018. Gurufocus.com‘s article titled: “Ready Capital Announces Merger With Owens Realty Mortgage” and published on November 08, 2018 is yet another important article.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*