Ready Capital (NYSE:RC) was upgraded by equities research analysts at Compass Point from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, The Fly reports.
A number of other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Ready Capital from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 11th. Sandler O’Neill reiterated a “hold” rating and set a $17.00 target price on shares of Ready Capital in a research report on Thursday, August 9th. JMP Securities upped their target price on shares of Ready Capital from $17.00 to $18.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 8th. LADENBURG THALM/SH SH initiated coverage on shares of Ready Capital in a research report on Monday, September 17th. They set a “neutral” rating on the stock. Finally, Raymond James initiated coverage on shares of Ready Capital in a research report on Monday, July 30th. They set an “outperform” rating and a $18.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $17.58.
NYSE:RC opened at $14.56 on Friday. The stock has a market capitalization of $480.78 million, a price-to-earnings ratio of 10.25 and a beta of 0.65. Ready Capital has a 12 month low of $13.55 and a 12 month high of $17.30. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.60.
About Ready Capital
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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