$RCAP Analyst Rating Update out! TARGET $7.5
Post# of 21
Sep 30, 2015
As many as 2 brokerage firms have rated RCS CAPITAL CORPORATION (NYSE:RCAP) at 2. Research Analysts at Zacks have ranked the company at 5, suggesting the traders with a rating of strong sell for the short term. The stock garnered a place in the hold list of 1 stock Analysts. 1 analysts rated the company as a strong buy.
RCS CAPITAL CORPORATION (NYSE:RCAP): According to 2 Analysts, The short term target price has been estimated at $ 7.5.The target price could deviate by a maximum of $4.95 from the forecast price. In the near term, the target price could hit a high of $11 and a low of $ 4.
Many analysts have commented on the company rating. Major Brokerage house, Citigroup maintains its ratings on RCS CAPITAL CORPORATION (NYSE:RCAP). In the latest research report, Citigroup lowers the target price from $4 per share to $3 per share on the shares. According to the information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 20, 2015.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Weil Edward M Jr., CEO of Rcs Capital Corp, had purchased 50,000 shares on August 12, 2015. The total value of the transaction was $115,000. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered. Currently the company Insiders own 41.5% of RCS Capital Corporation Company shares. In the past six months, there is a change of -0.05% in the total insider ownership. Institutional Investors own 50.9% of Company shares. During last 3 month period, -4.77% of total institutional ownership has changed in the company shares.
The company shares have dropped 95.52% in the past 52 Weeks. On October 1, 2014 The shares registered one year high of $24.69 and one year low was seen on September 28, 2015 at $0.98. The 50-day moving average is $1.9 and the 200 day moving average is recorded at $6.23. S&P 500 has rallied 4.59% during the last 52-weeks.
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. The Company is externally managed and advised by RCS Capital Management, LLC. The Company owns interest in the subsidiaries of RCAP Holdings, LLC, which it refers to as the Companys operating subsidiaries. These subsidiaries are Realty Capital Securities, LLC (Realty Capital Securities), American National Stock Transfer, LLC, and RCS Advisory Services, LLC. Realty Capital Securities, LLC is engaged in wholesale broker-dealer business. RCS Advisory Services, LLC is engaged in transaction management services business. American National Stock Transfer, LLC is engaged in transfer agent business. In September 2014, the Company acquired Strategic Capital Advisory Services and SC Distributors, LLC.
http://www.americantradejournal.com/rcs-capit...te/696157/