RCS Capital Corp PT Raised to $29.00 at Barclays (RCAP)
Research analysts at Barclays boosted their target price on shares of RCS Capital Corp (NASDAQ:RCAP) from $27.00 to $29.00 in a report released on Friday. Barclays’ price target points to a potential upside of 32.36% from the stock’s previous close.
Shares of RCS Capital Corp (NASDAQ:RCAP) traded up 7.72% on Friday, hitting $21.91. 529,226 shares of the company’s stock traded hands. RCS Capital Corp has a 1-year low of $15.00 and a 1-year high of $39.98. The stock has a 50-day moving average of $21.07 and a 200-day moving average of $26.55. The company has a market cap of $1.100 billion and a price-to-earnings ratio of 19.46.
RCS Capital Corp (NASDAQ:RCAP) last released its earnings data on Thursday, August 7th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.45 by $0.06. Analysts expect that RCS Capital Corp will post $1.93 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Bank of America initiated coverage on shares of RCS Capital Corp in a research note on Tuesday, July 8th. They set a “neutral” rating and a $24.00 price target on the stock. Analysts at JMP Securities cut their price target on shares of RCS Capital Corp from $37.00 to $31.00 in a research note on Friday, June 6th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.