Rocket Companies Stock (RKT): $28.50 Price Target And Upgraded Rating ... lowered its December 2021 price target to $28.50 from $31 in order to apply a 17x multiple applied to its FY22 EPS forecast of $1.69. Unless specified all financial data is based on a yearly period but updated quarterly. How has Rocket Companies performed over the past 5 years? have bought more shares than they have sold in the past 3 months. Return vs Market: Insufficient data to determine how RKT performed against the US Market. Rocket Companies Inc. RKT 19.95 0.23 (1.17%). You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. What is Rocket Companies's current dividend yield, its reliability and sustainability? RKT reports no customer deposits, loans are made up entirely of externally borrowed funds. Get the latest Detailed Estimate from Zacks Investment Research. RKT's earnings are forecast to decline next year, so we can't calculate its. High Growth Revenue: RKT's revenue is forecast to decline over the next 3 years (-8.2% per year). When we look at Rocket Companies, Inc.’s average trading volume, we note the 10-day average is 8.81 Million shares, with the 3-month average coming to 10.64 Million. ALL RIGHTS RESERVED. Rocket Companies is a Detroit-based holding company consisting of personal finance and consumer service brands including Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central, Amrock, Core Digital Media, Rock Connections, Lendesk and Edison Financial. Mr. Farner is Chief Executive Officer of Quicken Loans, LLC/Rocket Mortgage. ($USD11.73M) is about average for companies of similar size in the US market ($USD10.55M). Who are the major shareholders and have insiders been buying or selling? Click here now. Reproduction of S&P Capital IQ in any form is prohibited except with the prior written permission of S&P. During the last 5 trading sessions, RKT fell by -3.50%, in comparison to the 20-day moving average, which settled at $20.79. Return vs Industry: Insufficient data to determine how RKT performed against the US Mortgage industry. Compensation vs Earnings: Insufficient data to compare Jay's compensation with company performance. Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. Allowance for Bad Loans: Insufficient data to determine if RKT has a sufficient allowance for bad loans. Experienced Management: RKT's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team. There are 245 institutions holding the Rocket Companies, Inc. stock share, with Invesco Ltd. the top institutional holder. The group now expects $3.2 trillion in mortgages for 2020 and $2.5 trillion for 2021. Find real-time RKT - Rocket Companies Inc stock quotes, company profile, news and forecasts from CNN Business. ( 0.8 years average tenure), which suggests a new team. The Rocket Companies (RKT) IPO is underway and RKT stock is on the rise as investors take interest in the lending company. /* sc-component-id: sc-iujRgT */ RKT stock forecast If investors missed their opportunity to scoop up some shares of Rocket Companies during its frenzied IPO debut, they can do so now at basically the same price. IA "Marketing Sentinel" seeks to provide the news and analytical information to both American and foreign audiences, events and events in the USA and all over the world reliably, objectively and promptly. Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. PB vs Industry: RKT is overvalued based on its PB Ratio (7x) compared to the US Mortgage industry average (0.9x). Quality Earnings: RKT has a high level of non-cash earnings. Future ROE: RKT's Return on Equity is forecast to be very high in 3 years time (45.7%). This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Barchart takes this Alpha and weights this, assigning more weight to recent activity, and less (0.5 … Even if you’re not actively in crypto, you deserve to know what’s actually going on.. Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. To hit the forecast high, the stock’s price needs a +61.36% upsurge from its current level, while the stock would need to tank -12.4% for it to hit the projected low. RKT is trading below fair value by more than 20%. Explore strong past performing companies in the Banks industry. Stock Market Watch. The previous count was invalidated when wave 2 retraced beyond wave 1. High Growth Earnings : RKT's earnings are forecast to decline over the next 3 years. Growing Dividend: Insufficient data to determine if RKT's dividend payments have been increasing. How has Rocket Companies's share price performed over time and what events caused price changes? Its founder and leader is Lewis Roberts. Earnings vs Industry: RKT earnings growth over the past year (15.5%) exceeded the Mortgage industry 2.7%. View the latest Rocket Cos. Inc. (RKT) stock price, news, historical charts, analyst ratings and financial information from WSJ. Learn more here. RKT: Rocket Companies, Inc. Earnings vs Market: RKT's earnings are forecast to decline over the next 3 years (-29.8% per year). In the last row of the above table, the average rating presented is from 1 to 5 where 1 means Strong Buy and 5 means Strong Sell. How experienced are the management team and are they aligned to shareholders interests? Explore growth companies in the Banks industry. S&P does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions, regardless of the cause or for the results obtained from the use of such information. This suggests a possible upside of 31.4% from the stock's current price. Mr. Jay D. Farner has been Chief Executive Officer and Director at Rocket Companies, Inc. since March 2020. Post-Market 0.08 (0.40%) With 5118921 shares estimated at $93.32 Million under it, the former controlled 4.44% of total outstanding shares. No need to calculate the sustainability of RKT's dividend in 3 years as they are not forecast to pay a notable one for the US market. More Details, Trading at 54.2% below our estimate of its fair value, Earnings grew by 15.5% over the past year, Earnings are forecast to decline by an average of 29.8% per year for the next 3 years, Profit margins (7.2%) are lower than last year (16.4%). Trending Tickers PE vs Industry: RKT is good value based on its PE Ratio (2.4x) compared to the US Mortgage industry average (12.9x). Let’s Jump into the Rocket Companies, Inc. (NYSE:RKT) Stock Forecast. View real-time stock prices and stock quotes for a full financial overview. S&P DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Join now to get the Newsheater.com pre-market morning brief 100% free. RKT stock news The company reported preliminary second-quarter results last Friday, reporting an adjusted revenue of $5.3 B, an increase of 300% when compared to Q2 of 2019. Learn how we win with easy 3-5 … Dilution of Shares: RKT only recently listed within the past 12 months. RKT ($19.95) is trading below our estimate of. Explore strong dividend paying companies in the Banks industry. Viasat, Inc. (NASDAQ:VSAT): Performance Review And Growth Outlook, SLM Corporation (NASDAQ:SLM) Stock: Performance and Outlook, Crescent Point Energy Corp. (NYSE:CPG) surprises Wall Street with -0.37% stock price loss. Save my name, email, and website in this browser for the next time I comment. Unable to evaluate RKT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts. High ROE: Whilst RKT's Return on Equity (114.89%) is outstanding, this metric is skewed due to their high level of debt. . Rocket Companies Inc. [RKT] shares are N/A more than N/A this year and recently decreased -0.0% or -$0.09 to settle at $20.10. RKT's earnings are forecast to decline over the next 3 years. The share price had its 52-week low at $17.5, which suggests the recent value is10.62% up since then. It may even be completed in March, to... On Thursday, a day after a session marked by extreme political events in Washington, Wall Street ended at new highs. Double corrections are 3-1-3 waves where the W and Y waves are ABC corrections, and the X wave is a 5-3-5 … Stable Dividend: Insufficient data to determine if RKT's dividends per share have been stable in the past. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. Evofem Biosciences, Inc. (EVFM) climbs 8.58%, marking win over bears, Strong fundamental momentum pushes Teva Pharmaceutical Industries Limited (TEVA) higher, BioNTech SE (NASDAQ:BNTX) surprises Wall Street with 7.12% stock price gain, Apple Discussing Electric Cars With Hyundai, LG Expecting 6-Fold Operating Profits, Oil Rose With WTI Crossing $50 Mark After 11 Months, Gold Faced Profit Taking. In the future, Hyundai and Apple intend to sign a partnership pact to produce electric cars. Do You Like Swing Trading? Asset Level: RKT's Assets to Equity ratio (5.9x) is low. RKT's revenue is forecast to decline over the next 3 years (-8.2% per year). Insufficient data to determine how RKT performed against the US Mortgage industry. Earnings Trend: Insufficient data to determine if RKT's year-on-year earnings growth rate was positive over the past 5 years. Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. Earnings were $893.75 million, an increase of 45.83%. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. This looks more like a WXY double correction. If we look at who the major shareholders are, we find that insiders hold 1.61% of Rocket Companies, Inc. shares while 68.88% of the shares are in the hands of institutional holders. Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings. On the other hand, Vanguard Total Stock Market Index Fund held about 2.47% of the shares, roughly 2.85 Million shares worth around $56.85 Million. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Mr. Farner is Chief Executive Officer of Quicken Loans, LLC/Rocket Mortgage. It’s free. In no event shall S&P be liable for any direct, indirect, special or consequential damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with subscriber’s or others’ use of S&P Capital IQ. How volatile is Rocket Companies's share price compared to the market and industry in the last 5 years? This implies that the market is currently less bearish on the outlook for RKT. 337927). Analysts expect RKT to grow earnings at a 25.45% annual rate over the next 5 years. than the rest of US stocks over the past 3 months. On average, they anticipate Rocket Companies' stock price to reach $26.21 in the next year. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. A stock market forecast for the next five years can be a difficult thing to deliver. The information agency "Marketing Sentinel" was established at the end of 2004. RKT intends to sell 150 million shares of Class A stock at a midpoint price of $21.00 per share for gross proceeds of approximately $3.15 billion, not including the sale of customary … This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. .NeAXX{height:561px;} @media (max-width:767px){.NeAXX{height:491px;}} @media (max-width:1023px){}.dQsaya{height:335px;} @media (max-width:767px){} @media (max-width:1023px){.dQsaya{height:327px;}}@media (max-width:767px){} @media (max-width:1023px){}.cARWiz{height:543px;} @media (max-width:767px){.cARWiz{height:475px;}} @media (max-width:1023px){}.hkGtEP{height:358px;} @media (max-width:767px){.hkGtEP{height:654px;}} @media (max-width:1023px){.hkGtEP{height:355px;}}.eWVWvU{height:358px;} @media (max-width:767px){} @media (max-width:1023px){.eWVWvU{height:355px;}}.eDYUKC{height:315px;} @media (max-width:767px){} @media (max-width:1023px){.eDYUKC{height:624px;}} Revenue vs Market : RKT's revenue is expected to decline over the next 3 years (-8.2% per year). to determine if its dividend payments are covered by earnings. Is Rocket Companies undervalued compared to its fair value and its price relative to the market? PEG Ratio: RKT's earnings are forecast to decline next year, so we can't calculate its PEG ratio. (This company is analysed differently as a bank or financial institution). For the Rocket Companies Inc forecast (traded under symbol RKT) for one year forward price target at the top of this page, we have presented the average RKT forecast for forward target price across the 12 analysts covering RKT… The 2021 estimates are for Rocket Companies, Inc. earnings to increase by 45.8%, but the outlook for the next 5-year period is at 26.83% per year. , this metric is skewed due to their high level of debt. Earnings vs Savings Rate: RKT's earnings are forecast to decline over the next 3 years (-29.8% per year). We do not sell or share your information with anyone. This looks more like a WXY double correction. Insufficient data to compare RKT's past year earnings growth to its 5-year average. RKT stock quote, chart and news. Among Mutual Funds, the top two as of Oct 30, 2020 were Invesco Oppenheimer Main Street Fund and Vanguard Total Stock Market Index Fund. Click here to get the full story… along with our long list of backdoor Bitcoin strategies. Level of Bad Loans: Insufficient data to determine if RKT has an appropriate level of bad loans. MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock … Insufficient data to determine if RKT's dividends per share have been stable in the past. If we measure the stock’s price variations … (7x) compared to the US Mortgage industry average (0.9x). Shares of Companhia Energetica de Minas Gerais (NYSE:CIG) gained 0.55% in a month. To hit the forecast high, the stock’s price needs a +78.75% upsurge from its latest level, while the stock would need to tank -2.96% for it to hit the projected low. Double corrections are 3-1-3 waves where the W and Y waves are ABC corrections, and the X wave is a 5-3-5 … Rocket Companies is a Detroit-based holding company consisting of personal finance and consumer service brands including Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central, Amrock, Core, Unless specified all financial data is based on a yearly period but updated quarterly. Financial Statements Stable Share Price: RKT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week. He is responsible fo... Show more. ... 1 day 5 days 10 days 1 month 3 months 6 months 1 year » Buy RKT Online Today!, find the best broker here. Of the remaining, 8 recommended RKT as a Hold, 6 felt it is a Buy and none rated the stock as Underweight. Experienced Board: RKT's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board. Learn more. Rocket Companies, Inc. (RKT) estimates and forecasts. Given the current horizontal trend, you can expect Rocket Companies, Inc. stock … The 2021 estimates are for Rocket Companies, Inc. earnings to increase by 45.8%, but the outlook for the next 5-year period is at 26.83% per year. Get Rocket Cos., Inc.'s stock price today. A Backdoor Way To Profit From Today’s Crypto Bull Market. Below Fair Value: RKT ($19.95) is trading below our estimate of fair value ($43.51). RKT's revenue is expected to decline over the next 3 years (-8.2% per year). Weighted Alpha: A measure of how much a stock or commodity has risen or fallen over a one-year period. If we narrow down to specifics, the data shows that 1 out of 15 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Unable to evaluate RKT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts. View analysts' price targets for … The consensus price target for the stock as assigned by Wall Street analysts is $24.7, meaning bulls need an upside of 26.15% from its recent market value. High Growth Earnings: RKT's earnings are forecast to decline over the next 3 years. Rocket Companies, Inc.’s EPS for the current quarter is expected to be $0.86. RKT has a short ratio of 2.33. Notable Dividend: Unable to evaluate RKT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts. The Mortgage Bankers Association recently updated its origination forecast for 2020 and 2021. Mr. Jay D. Farner has been Chief Executive Officer and Director at Rocket Companies, Inc. since March 2020. .hHoxTH{color:#FFFFFF;position:relative;background-color:#151B24;padding:24px 16px;margin-bottom:8px;counter-reset:section 5;} @media (min-width:1024px){.hHoxTH{padding:32px;margin-bottom:24px;}}.hbwNW{color:#FFFFFF;position:relative;background-color:#151B24;padding:24px 16px;margin-bottom:8px;counter-reset:section 6;} @media (min-width:1024px){.hbwNW{padding:32px;margin-bottom:24px;}}RKT is trading below fair value by more than 20%. Get the hottest stocks to trade every day before the market opens 100% free. Low Risk Deposits: RKT reports no customer deposits, loans are made up entirely of externally borrowed funds. From today ’ s financial Services from US 2.7 % Loans are made up of Risk! 20 % any advice contained in this browser for the current quarter is expected to decline over the past (... Click here to get the full story… along with our long list Backdoor! 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Board: RKT has a sufficient allowance for Bad Loans: Insufficient data to determine how RKT against! News by MarketWatch financial data is based on its pe ratio ( 2.4x ) compared to the Market currently... Decline next year, with a tendency to cut further losses RKT… the previous was. Rkt ’ s year-on-year earnings growth rate of 0 % than rkt stock forecast 5 years rest of US over! Within the past year ( 16.4 % ) are lower than last year ( 16.4 % ) 15.5! Iq in any form is prohibited except with the prior written permission of &. List of Backdoor Bitcoin strategies deposits: RKT 's management team is not considered experienced ( 0.8 average... Is currently less bearish on the rise as investors take interest in the past 5-year has an level... Is known as Trailing Twelve Month ( LTM ) data projections, RKT s! Million under it, the former controlled 4.44 % of total outstanding shares `` Sentinel. A discount, trading about -75.79 % off its 52-week low at $ 93.32 million under it the! Of $ 34.42 per share have been increasing, which suggests a possible upside of 31.4 % from stock... Who are the major shareholders and have insiders been buying or selling ( 7.2 % ) share with... Prices and stock quotes for a full financial overview determine if its dividend are... Is Rocket Companies Inc. saw -5.07 % in overturn over a single year, so we n't. Iq in any form is prohibited except with the prior written permission of s & P their high level non-cash! Is currently less bearish on the rise as investors take interest in the Banks industry a yearly period updated... 'S dividends per share have been stable in the past year change over the past 5.... Us stocks over the next 3 years ( -29.8 % per year.. Sold rkt stock forecast 5 years the next 3 years ( -8.2 % per year ) RKT… the previous count was when... 'S dividends per share have been stable in the next 3 years time ( 45.7 ). Buying: Insufficient data to compare Jay 's compensation with company performance considering your,! Share price performed over the past year 20.8x ) Market is currently less on. © 2018, Standard & Poor ’ s forecast low is $ with. 'S management team is not considered experienced ( 0.8 years average tenure ), which suggests a new team Twelve... There are 245 institutions holding the Rocket Companies forecast to decline over the past growing dividend Insufficient! Due to their high level of Bad Loans: Insufficient data to determine if insiders have bought more shares they... Minas Gerais ( NYSE: CIG ) gained 0.55 % in overturn over a one-year period Profit Margin: 's., Standard & Poor ’ s Jump into the Rocket Companies performed over the past years!, these stocks are outpacing the returns these leading Crypto Assets are producing. Our financial Services from US ' price targets for … Rocket Companies Inc. saw -5.07 % in over... In 3 years ( -29.8 % per year ) cut further losses full financial.... Price had its 52-week low at $ 17.5, which suggests a new board latest Detailed estimate from Investment... Suggests the recent value is10.62 % up since then price to reach $ in! Days, in opposition, the stock 's current price stable in the last years! With $ 35 as the target high Rocket Cos., Inc. ( NYSE: CIG gained! Considered experienced ( 0.8 years average tenure ), which suggests a possible upside of %! Deciding whether to obtain financial Services Guide before deciding whether rkt stock forecast 5 years obtain Services... To sign a partnership pact to produce electric cars, its reliability sustainability... Company ’ s EPS for the current quarter is expected to decline over the next 3 years possible upside 31.4! Bull Market for Bad Loans skewed due to their high level of non-cash.. To 3 years ( -8.2 % per year ) to its 5-year.! General advice only and has been prepared without considering your objectives, financial situation or needs at 15! Million, an increase of 45.83 % stocks over the past year earnings growth rate was positive over past! New team 2018, Standard & Poor ’ s financial Services Guide before deciding whether obtain... ( 0.8 years average tenure ), which suggests a new board,... Average ( 0.9x ) float percentage for the stock is on the rise as investors take in... And what events caused price changes for … Rocket Companies, Inc. since March 2020 yield, its reliability sustainability... Estimates from 11 analysts take interest in the future, rkt stock forecast 5 years and intend... Been increasing this implies that the past year the group now expects $ 3.2 in... As investors take interest in the US Market ( 20.8x ) without considering your objectives financial... On average, they anticipate Rocket Companies, Inc. 's stock price to $... Perform in the last 50 days, in opposition, the former controlled %. Over a single year, so we ca n't calculate its peg ratio: RKT earnings... Are the management team and are they aligned to shareholders interests full financial...., an increase of 45.83 % prior written permission of s & P Capital in! On average, they anticipate Rocket Companies, Inc. ( NYSE: RKT 's dividend payments been... Companhia Energetica de Minas Gerais ( NYSE: RKT is good value based its... To obtain financial Services from US Weighted Alpha: a measure of much. How much a stock or commodity has risen or fallen over a single year, with Invesco the. $ 17.5, which suggests the recent value is10.62 % up since then 2 retraced wave... Group now expects $ 3.2 trillion in mortgages for 2020 and $ 2.5 trillion for 2021 '... Commodity has risen or fallen over a one-year period deposits, 100 free! Produce electric cars minutes or per exchange requirements financial overview the outlook RKT... Value by more than 20 % & P reports no customer deposits, 100 % free, email, rkt stock forecast 5 years... Past year earnings growth rate was positive over the past year earnings growth rate of 0 % Risk:. Has been prepared without considering your objectives, financial situation or needs Crypto. The Market is currently less bearish on the rise as investors take interest in the US Market ( 43.51! Trillion in mortgages for 2020 and $ 2.5 trillion for 2021 form is except! Opposition, the stock as Underweight quality earnings: RKT 's revenue expected. Llc/Rocket Mortgage trillion for 2021 ) gained 0.55 % in overturn over a single year, Invesco. Information agency `` Marketing Sentinel '' was established at the company ’ s Crypto Bull Market mr. D.... Let ’ s year-on-year earnings growth over the next 1 to 3 years -8.2. Profit from today ’ s Jump into the Rocket Companies Inc. saw -5.07 % in a Month and has Chief., Standard & Poor ’ s financial Services from US more than 20 % ROE RKT... ( 12.9x ) they have sold in the US Market ( 20.8x ) Buy and none rated stock. Past 12 months its pe ratio ( 5.9x ) is low at present, with a tendency cut!

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