- Ready Capital reports a Q1 non-GAAP loss but sees a 2.51% increase in share price after-hours.
- Wall Street analysts provide mixed forecasts, with an average price target of $5.25.
- GuruFocus estimates suggest a 27.17% upside potential for Ready Capital stock.
Ready Capital Corp (RC, Financial) recently announced a first-quarter non-GAAP loss of $0.09 per share, with revenue reaching $40.24 million. Completing the acquisition of United Development Funding IV and executing a $220 million senior secured notes placement were significant milestones for the company this quarter. Despite these financial challenges, Ready Capital's share price saw a 2.51% increase in after-hours trading, signaling investor optimism.
Wall Street Analysts' Price Targets
Analysts have set a one-year price target for Ready Capital Corp (RC, Financial), averaging at $5.25, ranging from a high of $6.00 to a low of $4.00. This average target suggests a potential upside of 19.86% from the current trading price of $4.38. For more detailed forecasts, visit the Ready Capital Corp (RC) Forecast page.
Brokerage Recommendation
The consensus among 8 brokerage firms rates Ready Capital Corp (RC, Financial) as a "Hold," with an average recommendation score of 3.1. This rating is based on a scale where 1 is a Strong Buy, and 5 indicates a Sell, reflecting a cautious outlook from analysts.
GuruFocus GF Value Estimate
According to GuruFocus' proprietary metrics, the estimated GF Value for Ready Capital Corp (RC, Financial) is projected to reach $5.57 within a year. This forecast indicates a significant 27.17% upside from the current price of $4.38. The GF Value represents GuruFocus' fair value estimate, considering historical trading multiples, past business growth, and future performance projections. Comprehensive data is available on the Ready Capital Corp (RC) Summary page.
