Knight Capital Group Upgraded to “Outperform” by Zacks (KCG)
Knight Capital Group (NYSE:KCG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Thursday, Analyst Ratings News reports. The firm currently has a $13.10 target price on the stock. Zacks‘ price target would suggest a potential upside of 9.53% from the company’s current price.
KCG has been the subject of a number of other recent research reports. Analysts at Compass Point raised their price target on shares of Knight Capital Group from $11.00 to $14.00 in a research note to investors on Thursday, December 12th. They now have a “buy” rating on the stock. Separately, analysts at Evercore Partners upgraded shares of Knight Capital Group from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, December 9th. They now have a $13.50 price target on the stock, up previously from $10.00. Finally, analysts at Morgan Stanley upgraded shares of Knight Capital Group from an “underweight” rating to an “equal weight” rating in a research note to investors on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $11.42.
Shares of Knight Capital Group (NYSE:KCG) traded down 0.50% during mid-day trading on Thursday, hitting $11.90. The stock had a trading volume of 168,183 shares. Knight Capital Group has a 52-week low of $8.11 and a 52-week high of $12.17. The stock’s 50-day moving average is $11.28 and its 200-day moving average is $9.65. The company has a market cap of $1.457 billion and a price-to-earnings ratio of 2.22.
Knight Capital Group (NYSE:KCG) last announced its earnings results on Wednesday, October 30th. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.81. The company had revenue of $339.80 million for the quarter, compared to the consensus estimate of $130.60 million. During the same quarter in the previous year, the company posted ($6.30) earnings per share. The company’s revenue for the quarter was up 160.2% on a year-over-year basis. On average, analysts predict that Knight Capital Group will post $0.34 earnings per share for the current fiscal year.
In other Knight Capital Group news, major shareholder Daniel V. Tierney 2011 Trust sold 72,058 shares of the stock on the open market in a transaction dated Monday, December 30th. The stock was sold at an average price of $11.83, for a total value of $852,446.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
KCG Holdings, Inc is a holding company. The Company is an independent securities company offering investors a range of services designed to address trading needs across asset classes, product types and time zones.
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