Orchid Island Capital Inc has a consensus price target of $9.5 based on the ratings of 4 analysts. The high is $9.5 issued by Janney Montgomery Scott on June 6, 2024. The low is $9.5 issued by Janney Montgomery Scott on June 6, 2024. The 2 most-recent analyst ratings were released by Janney Montgomery Scott and JonesTrading on June 6, 2024 and January 24, 2022, respectively. With an average price target of $6.88 between Janney Montgomery Scott and JonesTrading, there's an implied -11.75% downside for Orchid Island Capital Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Orchid Island Cap (NYSE:ORC) was reported by JMP Securities on August 28, 2024. The analyst firm set a price target for $0.00 expecting ORC to fall to within 12 months (a possible -100.00% downside). 4 analyst firms have reported ratings in the last year.
The latest analyst rating for Orchid Island Cap (NYSE:ORC) was provided by JMP Securities, and Orchid Island Cap reiterated their market perform rating.
The last upgrade for Orchid Island Capital Inc happened on January 24, 2022 when JonesTrading raised their price target to $4.25. JonesTrading previously had a hold for Orchid Island Capital Inc.
The last downgrade for Orchid Island Capital Inc happened on August 8, 2022 when Ladenburg Thalmann changed their price target from N/A to N/A for Orchid Island Capital Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Orchid Island Cap, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Orchid Island Cap was filed on August 28, 2024 so you should expect the next rating to be made available sometime around August 28, 2025.
While ratings are subjective and will change, the latest Orchid Island Cap (ORC) rating was a reiterated with a price target of $0.00 to $0.00. The current price Orchid Island Cap (ORC) is trading at is $7.79, which is out of the analyst’s predicted range.
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