GAIN Capital Holdings Price Target Cut to $11.50 by Analysts at Sandler O’Neill (GCAP)
Stock analysts at Sandler O’Neill decreased their price objective on shares of GAIN Capital Holdings (NASDAQ:GCAP) from $12.50 to $11.50 in a report issued on Friday, StockRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Sandler O’Neill’s price objective would suggest a potential upside of 7.38% from the company’s current price.
A number of other firms have also recently commented on GCAP. Analysts at Sidoti initiated coverage on shares of GAIN Capital Holdings in a research note to investors on Tuesday. They set a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of GAIN Capital Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, October 21st. They now have a $15.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of GAIN Capital Holdings from a “hold” rating to a “buy” rating in a research note to investors on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.25.
In other GAIN Capital Holdings news, major shareholder Global Assets Ltd Master sold 95,028 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $10.98, for a total transaction of $1,043,407.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of GAIN Capital Holdings (NASDAQ:GCAP) opened at 10.71 on Friday. GAIN Capital Holdings has a 1-year low of $3.86 and a 1-year high of $10.50. The stock’s 50-day moving average is $11.72 and its 200-day moving average is $7.62. The company has a market cap of $383.0 million and a P/E ratio of 18.83.
GAIN Capital Holdings (NASDAQ:GCAP) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.01. The company had revenue of $60.60 million for the quarter, compared to the consensus estimate of $52.00 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 51.5% on a year-over-year basis. Analysts expect that GAIN Capital Holdings will post $0.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 20th. Investors of record on Thursday, December 12th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Tuesday, December 10th.
GAIN Capital Holdings Inc (NASDAQ:GCAP) is an independent provider of online forex trading.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.