Resource Capital Corp. (NYSE:RSO) traded at an unexpectedly high level on 03/15/2017 when the stock experienced a 8.1 gain to a closing price of $9.34. The company saw 1.55 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 0.45 million shares a day, this signifies a pretty significant change over the norm.Resource Capital Corp. (RSO) Analyst Gushes
Analysts are speculating a 7.07% move, based on the high target price ($10) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $9.19 price target, but the stock is already up 23.38% from its recent lows. However, the stock is trading at -31.95% versus recent highs ($13.73). Analysts believe that we could see stock price minimum in the $8 range (lowest target price), allowing for another -14.35% drop from its current position. Leading up to this report, we have seen a 7.85% rise in the stock price over the last 30 days and a 3.66% increase over the past 3 months. Overall, the share price is up 12.12% so far this year. Additionally, RSO had a day price range of $8.65 to $9.4.Resource Capital Corp. Rating Changes
Several analysts are currently covering the company. JMP Securities, FBR & Co., , , FBR Capital, MLV & Co, Deutsche Bank, , and are among others. The most recent downgrade was reported by JMP Securities on Nov 18, 2016, with a rating change from Mkt Perform to Mkt Underperform. In a separate analyst note, FBR & Co. downgraded the stock on Nov 15, 2016. The firm had put out a Mkt Perform rating. The stock was previously classified as Outperform. Back on Aug 19, 2016, an upgrade report came from analysts at JMP Securities who in their research report assigned Mkt Outperform rating on the stock. The brokerage had Mkt Perform rating prior to this move.
Resource Capital Corp. (RSO) is slated to announce its fiscal Q1 earnings on Tuesday, May 09, 2017. The analyst projections are -$0.01 in EPS on $30.18 million in revenues. Therefore, if Resource Capital Corp. meet or beat analysts’ forecasts of earnings, its earnings per share would see a decrease of about -103.23%. Its revenue would see a decline of at least -24.74% if the firm meet or beat revenue expectations. Resource Capital Corp. highlighted its earnings success in the latest quarter as it beat the Street’s earnings consensus estimates of -$0.46 by $0.33.Resource Capital Corp. (RSO) Price Potential
Heading into the stock price potential, Resource Capital Corp. needs to grow just 0.43% to cross its median price target of $9.38. In order to determine directional movement, the 50-day and 200-day moving averages for Resource Capital Corp. (NYSE:RSO) are $8.44 and $10.15. Given that liquidity is king in short-term, RSO is a stock with 30.79 million shares outstanding that normally trades 5.47% of its float. The stock price recently experienced a 5-day gain of 14.88% with 0.27 average true range (ATR). RSO has a beta of 1.09 and RSI is 73.78.