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 19.55% upside from RC’s last price of $7.11) 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 19.55% upside from RC's last price of $7.11.
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% | 12.52% |
| Sep 05, 2024 | Jay McCanless | Wedbush | $9.00 | $8.05 | 11.73% | 26.58% |
| Feb 29, 2024 | Jay McCanless | Wedbush | $11.00 | $8.49 | 29.56% | 54.71% |
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 12.52% increase from RC last price ($7.11).
Ready Capital Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 3 |
| Avg Price Target | - | $8.50 | $9.33 |
| Last Closing Price | $7.11 | $7.11 | $7.11 |
| Upside/Downside | -100.00% | 19.55% | 31.22% |
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 $7.11. This month's average price target is down -100.00% 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 | $111.40M | $110.51M | $109.20M | $110.96M | $121.33M | $119.36M | $115.67M | $112.62M | $110.75M | $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 | $132.21M | $131.15M | $129.59M | $131.69M | $143.99M | $141.66M | $137.28M | $130.43M | $124.23M | $108.39M | $114.61M | $159.02M | $138.10M | $181.26M | $190.03M | $187.94M | $187.86M | $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 | $85.51M | $84.83M | $83.82M | $85.18M | $93.13M | $91.62M | $88.79M | $87.15M | $89.31M | $101.90M | $114.61M | $159.02M | $117.95M | $171.01M | $122.91M | $121.56M | $121.51M | $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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 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 | $53.94M | $53.51M | $52.87M | $53.73M | $58.75M | $57.80M | $56.01M | $54.53M | $53.63M | $50.91M | $55.50M | $77.00M | $61.48M | $85.29M | $77.53M | $76.68M | $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 | $64.02M | $63.51M | $62.75M | $63.77M | $69.72M | $68.59M | $66.47M | $63.16M | $60.16M | $52.48M | $55.50M | $77.00M | $66.87M | $87.77M | $92.02M | $91.00M | $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 | $41.41M | $41.07M | $40.59M | $41.24M | $45.10M | $44.37M | $42.99M | $42.20M | $43.25M | $49.34M | $55.50M | $77.00M | $57.11M | $82.80M | $59.52M | $58.86M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | 0.40% | 0.44% | 3.28% | 0.69% | 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 $77.00M, with a high of $77.00M and a low of $77.00M. This is 213.33% 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 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 | $52.33M | $51.10M | $49.65M | $50.68M | $48.51M | $47.21M | $44.36M | $41.65M | $42.56M | $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 | $65.04M | $63.51M | $61.71M | $62.99M | $60.29M | $58.68M | $55.13M | $46.27M | $45.83M | $51.10M | $44.92M | $47.42M | $53.11M | $61.60M | $77.95M | $86.11M | $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 | $36.52M | $35.66M | $34.65M | $35.37M | $33.86M | $32.95M | $30.96M | $35.48M | $36.01M | $28.70M | $44.91M | $47.34M | $47.97M | $60.88M | $43.77M | $48.35M | $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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 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 | $34.73M | $34.45M | $34.04M | $34.59M | $37.82M | $37.21M | $36.06M | $35.11M | $34.52M | $32.78M | $35.72M | $49.57M | $39.58M | $54.90M | $49.91M | $49.36M | $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 | $41.21M | $40.88M | $40.40M | $41.05M | $44.88M | $44.16M | $42.79M | $40.66M | $38.73M | $33.79M | $35.72M | $49.57M | $43.05M | $56.50M | $59.23M | $58.58M | $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 | $26.66M | $26.44M | $26.13M | $26.55M | $29.03M | $28.56M | $27.68M | $27.17M | $27.84M | $31.76M | $35.72M | $49.57M | $36.77M | $53.30M | $38.31M | $37.89M | $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% | 0.61% | 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 $49.57M, based on 2 Wall Street analysts, with a range of $49.57M to $49.57M. The forecast indicates a 209.85% 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 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 | $0.31 | $0.30 | $0.29 | $0.30 | $0.29 | $0.28 | $0.26 | $0.25 | $0.25 | $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 | $0.38 | $0.37 | $0.36 | $0.37 | $0.36 | $0.35 | $0.33 | $0.27 | $0.27 | $0.30 | $0.26 | $0.28 | $0.31 | $0.36 | $0.46 | $0.51 | $0.53 | $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 | $0.22 | $0.21 | $0.20 | $0.21 | $0.20 | $0.19 | $0.18 | $0.21 | $0.21 | $0.17 | $0.26 | $0.28 | $0.28 | $0.36 | $0.26 | $0.29 | $0.30 | $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 | $5.80 | $21.25 | 266.38% | Hold |
| ARI | Apollo Commercial Real Estate Finance | $9.13 | $13.50 | 47.86% | - |
| KREF | KKR Real Estate Finance Trust | $11.53 | $16.17 | 40.24% | Buy |
| EARN | Ellington Residential Mortgage REIT | $6.37 | $8.00 | 25.59% | Buy |
| RC | Ready Capital | $7.11 | $8.50 | 19.55% | Hold |
| EFC | Ellington Financial | $12.21 | $13.50 | 10.57% | Buy |
| IVR | Invesco Mortgage Capital | $8.22 | $7.13 | -13.26% | Hold |
| ARR | ARMOUR Residential REIT | $19.02 | $11.50 | -39.54% | Hold |
| CIM | Chimera Investment | $14.82 | $7.25 | -51.08% | Hold |