RCS Capital Corp Upgraded to Outperform at Zacks (RCAP)
RCS Capital Corp (NASDAQ:RCAP) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday. The firm currently has a $23.00 price objective on the stock. Zacks‘s price objective would suggest a potential upside of 7.23% from the stock’s previous close.
Shares of RCS Capital Corp (NASDAQ:RCAP) traded down 0.37% during mid-day trading on Tuesday, hitting $21.37. 160,872 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’s 50-day moving average is $21.34 and its 200-day moving average is $26.60. The company’s market cap is $1.395 billion.
RCS Capital Corp (NASDAQ:RCAP) last released its 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 $2.31 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on RCAP. Analysts at Citigroup Inc. initiated coverage on shares of RCS Capital Corp in a research note on Wednesday, August 13th. They set a “neutral” rating and a $25.00 price target on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. RCS Capital Corp has a consensus rating of “Hold” and an average target price of $26.40.
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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