Ready Capital (NYSE:RC) was upgraded by equities researchers at LADENBURG THALM/SH SH from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, The Fly reports.
RC has been the subject of a number of other reports. Zacks Investment Research upgraded Ready Capital from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research note on Wednesday, July 25th. JMP Securities boosted their price target on Ready Capital from $17.00 to $18.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 8th. Raymond James initiated coverage on Ready Capital in a research note on Monday, July 30th. They set an “outperform” rating and a $18.00 price target for the company. Sandler O’Neill restated a “hold” rating and set a $17.00 price target on shares of Ready Capital in a research note on Thursday, August 9th. Finally, Compass Point upgraded Ready Capital from a “neutral” rating to a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Ready Capital currently has a consensus rating of “Hold” and an average price target of $17.58.
NYSE RC opened at $14.56 on Friday. Ready Capital has a one year low of $13.55 and a one year high of $17.30. The stock has a market capitalization of $480.78 million, a P/E ratio of 10.25 and a beta of 0.65. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.60.
Ready Capital Company Profile
Ready Capital Corporation operates as a real estate finance company. The company acquires, originates, manages, services, and finances small balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments.
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