Ready Capital (RC) Stock Forecast, Price Target & Predictions
RC Stock Forecast
Ready Capital stock forecast is as follows: an average price target of $8.50 (represents a 27.63% upside from RC’s last price of $6.66) and a rating consensus of 'Hold', based on 5 wall street analysts offering a 1-year stock forecast.
RC Price Target
The average price target for Ready Capital (RC) is $8.50 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $9.00 to $8.00. This represents a potential 27.63% upside from RC's last price of $6.66.
RC Analyst Ratings
According to 5 Wall Street analysts, Ready Capital's rating consensus is 'Hold'. The analyst rating breakdown for RC stock is 0 'Strong Buy' (0.00%), 2 'Buy' (40.00%), 3 'Hold' (60.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Ready Capital Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 16, 2024 | Crispin Love | Piper Sandler | $8.00 | $7.71 | 3.76% | 20.12% |
| Sep 05, 2024 | Jay McCanless | Wedbush | $9.00 | $8.05 | 11.73% | 35.14% |
| Feb 29, 2024 | Jay McCanless | Wedbush | $11.00 | $8.49 | 29.56% | 65.17% |
The latest Ready Capital stock forecast, released on Sep 16, 2024 by Crispin Love from Piper Sandler, set a price target of $8.00, which represents a 3.76% increase from the stock price at the time of the forecast ($7.71), and a 20.12% increase from RC last price ($6.66).
Ready Capital Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 3 |
| Avg Price Target | - | - | $9.33 |
| Last Closing Price | $6.66 | $6.66 | $6.66 |
| Upside/Downside | -100.00% | -100.00% | 40.09% |
In the current month, the average price target of Ready Capital stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Ready Capital's last price of $6.66. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 16, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Sep 05, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| Sep 05, 2024 | Wedbush | Neutral | Neutral | Hold |
| Nov 14, 2023 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| May 25, 2023 | Raymond James | Outperform | Outperform | Hold |
| Dec 15, 2022 | Keefe, Bruyette & Woods | Market Perform | Downgrade | |
| Sep 08, 2022 | B. Riley Securities | Buy | Buy | Hold |
Ready Capital's last stock rating was published by Piper Sandler on Sep 16, 2024. The company gave RC a "Neutral" rating, the same as its previous rate.
Ready Capital Financial Forecast
Ready Capital Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $60.01M | $126.15M | $95.12M | $77.48M | $91.57M | $128.37M | $111.27M | $129.03M | $103.50M | $104.79M | $91.86M | $90.80M | $73.64M | $82.47M | $93.45M | $22.98M | $52.18M | $37.09M |
| Avg Forecast | $102.61M | $101.65M | $99.83M | $100.02M | $106.55M | $105.31M | $102.61M | $98.01M | $97.37M | $105.15M | $114.61M | $159.02M | $126.98M | $176.13M | $160.12M | $158.36M | $158.29M | $146.17M | $150.00M | $103.85M | $103.35M | $89.80M | $91.45M | $76.10M | $74.80M | $95.10M | $91.70M | $52.80M | $61.45M | $60.15M |
| High Forecast | $126.64M | $125.45M | $123.20M | $123.44M | $131.50M | $129.96M | $126.64M | $114.14M | $109.11M | $108.39M | $114.61M | $159.02M | $138.10M | $181.26M | $197.61M | $195.43M | $186.82M | $146.17M | $150.00M | $103.85M | $103.35M | $89.80M | $91.45M | $76.10M | $74.80M | $95.10M | $91.70M | $52.80M | $61.45M | $60.15M |
| Low Forecast | $50.90M | $50.42M | $49.52M | $49.61M | $52.85M | $52.23M | $50.90M | $84.01M | $89.70M | $101.90M | $114.61M | $159.02M | $117.95M | $171.01M | $79.42M | $78.55M | $113.63M | $146.17M | $150.00M | $103.85M | $103.35M | $89.80M | $91.45M | $76.10M | $74.80M | $95.10M | $91.70M | $52.80M | $61.45M | $60.15M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 8 | 8 | 9 | 12 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.47% | 0.72% | 0.59% | 0.49% | 0.58% | 0.88% | 0.74% | 1.24% | 1.00% | 1.17% | 1.00% | 1.19% | 0.98% | 0.87% | 1.02% | 0.44% | 0.85% | 0.62% |
Ready Capital's average Quarter revenue forecast for Mar 24 based on 2 analysts is $159.02M, with a low forecast of $159.02M, and a high forecast of $159.02M. RC's average Quarter revenue forecast represents a 164.96% increase compared to the company's last Quarter revenue of $60.01M (Dec 23).
Ready Capital EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 8 | 8 | 9 | 12 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $24.57M | $37.41M | $254.02M | $52.70M | $171.74M | $183.50M | $147.24M | $142.35M | $117.33M | $102.45M | $85.88M | $87.73M | $68.23M | $78.38M | $82.76M | $-11.46M | $59.44M | $48.85M |
| Avg Forecast | $59.45M | $58.90M | $57.84M | $57.95M | $61.73M | $61.01M | $59.45M | $56.78M | $56.42M | $60.92M | $66.40M | $92.13M | $73.57M | $102.05M | $92.77M | $91.75M | $88.57M | $70.78M | $72.63M | $50.29M | $50.04M | $43.48M | $44.28M | $36.85M | $36.22M | $46.05M | $44.40M | $-3.72M | $29.75M | $29.12M |
| High Forecast | $73.37M | $72.69M | $71.38M | $71.52M | $76.19M | $75.30M | $73.37M | $66.13M | $63.22M | $62.80M | $66.40M | $92.13M | $80.02M | $105.02M | $114.49M | $113.23M | $106.29M | $70.78M | $72.63M | $50.29M | $50.04M | $43.48M | $44.28M | $36.85M | $36.22M | $46.05M | $44.40M | $-2.97M | $29.75M | $29.12M |
| Low Forecast | $29.49M | $29.21M | $28.69M | $28.75M | $30.62M | $30.26M | $29.49M | $48.68M | $51.97M | $59.04M | $66.40M | $92.13M | $68.34M | $99.08M | $46.02M | $45.51M | $70.86M | $70.78M | $72.63M | $50.29M | $50.04M | $43.48M | $44.28M | $36.85M | $36.22M | $46.05M | $44.40M | $-4.46M | $29.75M | $29.12M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.33% | 0.37% | 2.74% | 0.57% | 1.94% | 2.59% | 2.03% | 2.83% | 2.34% | 2.36% | 1.94% | 2.38% | 1.88% | 1.70% | 1.86% | 3.08% | 2.00% | 1.68% |
2 analysts predict RC's average Quarter EBITDA for Mar 24 to be $92.13M, with a high of $92.13M and a low of $92.13M. This is 274.92% upper than Ready Capital's previous annual EBITDA (Dec 23) of $24.57M.
Ready Capital Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 8 | 8 | 9 | 12 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $27.05M | $45.66M | $248.88M | $35.14M | $11.45M | $63.23M | $56.09M | $63.49M | $53.59M | $45.78M | $30.46M | $28.29M | $26.91M | $34.56M | $33.85M | $-50.45M | $20.43M | $12.10M |
| Avg Forecast | $50.69M | $49.77M | $48.54M | $48.58M | $46.03M | $42.98M | $40.93M | $37.81M | $32.44M | $41.12M | $44.91M | $47.38M | $51.40M | $61.24M | $62.72M | $69.29M | $40.17M | $75.69M | $78.93M | $71.44M | $86.50M | $76.86M | $75.65M | $28.96M | $68.42M | $60.72M | $105.97M | $-89.59M | $68.42M | $67.70M |
| High Forecast | $66.12M | $64.92M | $63.32M | $63.36M | $60.05M | $56.06M | $53.38M | $39.38M | $33.98M | $53.63M | $44.92M | $47.42M | $53.11M | $61.60M | $81.81M | $90.37M | $48.21M | $75.69M | $78.93M | $85.73M | $86.50M | $76.86M | $75.65M | $34.75M | $68.42M | $60.72M | $105.97M | $-71.67M | $68.42M | $67.70M |
| Low Forecast | $17.48M | $17.16M | $16.74M | $16.75M | $15.87M | $14.82M | $14.11M | $34.65M | $29.35M | $14.18M | $44.91M | $47.34M | $47.97M | $60.88M | $21.63M | $23.89M | $32.14M | $75.69M | $78.93M | $57.15M | $86.50M | $76.86M | $75.65M | $23.17M | $68.42M | $60.72M | $105.97M | $-107.50M | $68.42M | $67.70M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.53% | 0.75% | 3.97% | 0.51% | 0.29% | 0.84% | 0.71% | 0.89% | 0.62% | 0.60% | 0.40% | 0.98% | 0.39% | 0.57% | 0.32% | 0.56% | 0.30% | 0.18% |
Ready Capital's average Quarter net income forecast for Mar 24 is $47.38M, with a range of $47.34M to $47.42M. RC's average Quarter net income forecast represents a 75.17% increase compared to the company's last Quarter net income of $27.05M (Dec 23).
Ready Capital SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 8 | 8 | 9 | 12 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $16.00M | $27.87M | $30.21M | $27.46M | $29.61M | $34.05M | $33.36M | $34.49M | $27.23M | $34.98M | $31.09M | $29.86M | $25.05M | $34.11M | $36.30M | $24.48M | $22.01M | $18.40M |
| Avg Forecast | $32.02M | $31.72M | $31.15M | $31.21M | $33.25M | $32.86M | $32.02M | $30.58M | $30.39M | $32.81M | $35.76M | $49.62M | $39.62M | $54.96M | $49.97M | $49.42M | $20.56M | $45.56M | $46.76M | $32.37M | $32.22M | $27.99M | $28.51M | $27.81M | $23.32M | $29.64M | $28.58M | $38.92M | $19.15M | $18.75M |
| High Forecast | $39.52M | $39.15M | $38.44M | $38.52M | $41.03M | $40.55M | $39.52M | $35.62M | $34.05M | $33.82M | $35.76M | $49.62M | $43.10M | $56.56M | $61.66M | $60.98M | $24.67M | $45.56M | $46.76M | $32.37M | $32.22M | $27.99M | $28.51M | $33.37M | $23.32M | $29.64M | $28.58M | $46.70M | $19.15M | $18.75M |
| Low Forecast | $15.88M | $15.73M | $15.45M | $15.48M | $16.49M | $16.30M | $15.88M | $26.22M | $27.99M | $31.80M | $35.76M | $49.62M | $36.81M | $53.36M | $24.78M | $24.51M | $16.44M | $45.56M | $46.76M | $32.37M | $32.22M | $27.99M | $28.51M | $22.25M | $23.32M | $29.64M | $28.58M | $31.13M | $19.15M | $18.75M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.40% | 0.51% | 0.60% | 0.56% | 1.44% | 0.75% | 0.71% | 1.07% | 0.85% | 1.25% | 1.09% | 1.07% | 1.07% | 1.15% | 1.27% | 0.63% | 1.15% | 0.98% |
Ready Capital's average Quarter SG&A projection for Mar 24 is $49.62M, based on 2 Wall Street analysts, with a range of $49.62M to $49.62M. The forecast indicates a 210.19% rise compared to RC last annual SG&A of $16.00M (Dec 23).
Ready Capital EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 8 | 8 | 9 | 12 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.25 | $1.87 | $0.33 | $0.08 | $0.53 | $0.47 | $0.70 | $0.72 | $0.64 | $0.43 | $0.50 | $0.50 | $0.63 | $0.63 | $-0.97 | $0.44 | $0.27 |
| Avg Forecast | $0.30 | $0.29 | $0.29 | $0.29 | $0.27 | $0.25 | $0.24 | $0.22 | $0.19 | $0.24 | $0.26 | $0.28 | $0.30 | $0.36 | $0.37 | $0.41 | $0.42 | $0.45 | $0.47 | $0.58 | $0.51 | $0.46 | $0.45 | $0.43 | $0.41 | $0.36 | $0.63 | $0.38 | $0.41 | $0.40 |
| High Forecast | $0.39 | $0.38 | $0.37 | $0.37 | $0.35 | $0.33 | $0.31 | $0.23 | $0.20 | $0.32 | $0.26 | $0.28 | $0.31 | $0.36 | $0.48 | $0.53 | $0.52 | $0.45 | $0.47 | $0.58 | $0.51 | $0.46 | $0.45 | $0.43 | $0.41 | $0.36 | $0.63 | $0.38 | $0.41 | $0.40 |
| Low Forecast | $0.10 | $0.10 | $0.10 | $0.10 | $0.09 | $0.09 | $0.08 | $0.20 | $0.17 | $0.08 | $0.26 | $0.28 | $0.28 | $0.36 | $0.13 | $0.14 | $0.27 | $0.45 | $0.47 | $0.58 | $0.51 | $0.46 | $0.45 | $0.43 | $0.41 | $0.36 | $0.63 | $0.38 | $0.41 | $0.40 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | 0.69% | 5.05% | 0.81% | 0.19% | 1.18% | 1.00% | 1.20% | 1.40% | 1.40% | 0.96% | 1.16% | 1.23% | 1.75% | 1.00% | -2.58% | 1.08% | 0.67% |
According to 2 Wall Street analysts, Ready Capital's projected average Quarter EPS for Mar 24 is $0.28, with a low estimate of $0.28 and a high estimate of $0.28. This represents a 139650.00% increase compared to RC previous annual EPS of - (Dec 23).
Ready Capital Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| NYMT | New York Mortgage Trust | $5.92 | $12.25 | 106.93% | Hold |
| ARI | Apollo Commercial Real Estate Finance | $8.79 | $13.50 | 53.58% | |
| KREF | KKR Real Estate Finance Trust | $10.02 | $13.00 | 29.74% | Buy |
| RC | Ready Capital | $6.66 | $8.50 | 27.63% | Hold |
| EARN | Ellington Residential Mortgage REIT | $6.58 | $8.00 | 21.58% | Buy |
| EFC | Ellington Financial | $12.45 | $13.50 | 8.43% | Buy |
| IVR | Invesco Mortgage Capital | $8.15 | $8.00 | -1.84% | Hold |
| ARR | ARMOUR Residential REIT | $18.51 | $11.50 | -37.87% | Hold |
| CIM | Chimera Investment | $14.31 | $7.25 | -49.34% | Hold |