RCS Capital Corp Price Target Cut to $31.00 (RCAP)
Stock analysts at JMP Securities dropped their price target on shares of RCS Capital Corp (NASDAQ:RCAP) from $37.00 to $31.00 in a report issued on Friday. JMP Securities’ target price would indicate a potential upside of 53.09% from the company’s current price.
Shares of RCS Capital Corp (NASDAQ:RCAP) traded down 0.69% during mid-day trading on Friday, hitting $20.11. 987,906 shares of the company’s stock traded hands. RCS Capital Corp has a 52-week low of $14.86 and a 52-week high of $39.98. The stock has a 50-day moving average of $31.72 and a 200-day moving average of $25.49. The company has a market cap of $569.5 million and a P/E ratio of 19.38.
RCS Capital Corp (NASDAQ:RCAP) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.22. On average, analysts predict that RCS Capital Corp will post $2.10 earnings per share for the current fiscal year.
RCS Capital Corporation is a holding company. The Company is engaged in the business of wholesale broker-dealer, investment banking and capital markets business, a transaction management services provider and a transfer agent.
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