FXCM PT Raised to $21.00 (FXCM)
Equities research analysts at Raymond James hoisted their price target on shares of FXCM (NASDAQ:FXCM) from $20.00 to $21.00 in a research note issued to investors on Wednesday, ARN reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 10.41% from the stock’s previous close.
Shares of FXCM (NASDAQ:FXCM) traded down 3.26% on Wednesday, hitting $19.02. The stock had a trading volume of 706,994 shares. FXCM has a 52-week low of $8.53 and a 52-week high of $19.97. The stock has a 50-day moving average of $18. and a 200-day moving average of $15.37. The company has a market cap of $723.6 million and a price-to-earnings ratio of 23.66.
FXCM (NASDAQ:FXCM) last released its earnings data on Wednesday, August 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $140.10 million for the quarter, compared to the consensus estimate of $133.59 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 52.8% on a year-over-year basis. Analysts expect that FXCM will post $0.95 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on FXCM. Analysts at JPMorgan Chase & Co. raised their price target on shares of FXCM (NASDAQ:FXCM) from $19.50 to $23.50 in a research note to investors on Tuesday, August 27th. They now have an “overweight” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of FXCM (NASDAQ:FXCM) from $19.00 to $20.00 in a research note to investors on Friday, August 9th. They now have an “overweight” rating on the stock. Finally, analysts at TheStreet upgraded shares of FXCM (NASDAQ:FXCM) from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 9th.
Nine research analysts have rated the stock with a buy rating, FXCM has a consensus rating of “Buy” and an average price target of $18.61.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Wednesday, September 4th.
In other FXCM news, Director James Brown sold 141,559 shares of FXCM stock on the open market in a transaction dated Friday, September 6th. The shares were sold at an average price of $19.26, for a total transaction of $2,726,426.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
FXCM Inc (NASDAQ:FXCM) is an online provider of foreign exchange (FX) trading and related services to approximately 170,930 active retail customers globally.
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