Zacks Downgrades Ladder Capital Corp to Underperform (LADR)
Ladder Capital Corp (NASDAQ:LADR) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Wednesday. They currently have a $17.80 price objective on the stock. Zacks‘s price target suggests a potential downside of 4.81% from the stock’s previous close.
Ladder Capital Corp (NASDAQ:LADR) traded up 0.11% on Wednesday, hitting $18.72. 18,210 shares of the company’s stock traded hands. Ladder Capital Corp has a 52-week low of $16.50 and a 52-week high of $19.98. The stock has a 50-day moving average of $18.19 and a 200-day moving average of $18.18. The company’s market cap is $947.2 million.
Ladder Capital Corp (NASDAQ:LADR) last announced its earnings results on Tuesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. Analysts expect that Ladder Capital Corp will post $1.50 EPS for the current fiscal year.
Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ladder Capital Corp in a research note on Wednesday, August 6th. They now have a $22.30 price target on the stock, up previously from $21.80. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $20.16.
Ladder Capital Corp is a commercial real estate finance company with a loan origination platform and an established national footprint.
To view Zacks’ full report, visit Zacks’ official website.
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