Citigroup Inc. Initiates Coverage on RCS Capital Corp (RCAP)
Research analysts at Citigroup Inc. initiated coverage on shares of RCS Capital Corp (NASDAQ:RCAP) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other analysts have also recently weighed in on RCAP. Analysts at Barclays raised their price target on shares of RCS Capital Corp from $27.00 to $29.00 in a research note on Friday, August 8th. Separately, 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.
Shares of RCS Capital Corp (NASDAQ:RCAP) opened at 22.36 on Wednesday. RCS Capital Corp has a 52-week low of $15.00 and a 52-week high of $39.98. The stock’s 50-day moving average is $21.23 and its 200-day moving average is $26.59. The company’s market cap is $1.413 billion.
RCS Capital Corp (NASDAQ:RCAP) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.45 by $0.06. On average, analysts predict that RCS Capital Corp will post $2.04 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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