FXCM PT Raised to $20.00 (FXCM)
Research analysts at Sandler O’Neill increased their target price on shares of FXCM (NASDAQ:FXCM) from $1.00 to $20.00 in a report released on Tuesday, Stock Ratings Network.com reports. Sandler O’Neill’s price target would indicate a potential upside of 17.58% from the company’s current price.
FXCM has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of FXCM from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $18.30 price target on the stock. Separately, analysts at Sidoti initiated coverage on shares of FXCM in a research note to investors on Wednesday, December 18th. They set a “buy” rating on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of FXCM in a research note to investors on Tuesday, December 10th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $19.61.
FXCM (NASDAQ:FXCM) traded down 2.41% on Tuesday, hitting $17.01. 1,010,720 shares of the company’s stock traded hands. FXCM has a one year low of $10.90 and a one year high of $19.97. The stock has a 50-day moving average of $16.93 and a 200-day moving average of $17.41. The company has a market cap of $740.0 million and a price-to-earnings ratio of 37.09.
FXCM (NASDAQ:FXCM) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.13 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.02. The company had revenue of $113.20 million for the quarter, compared to the consensus estimate of $118.33 million. During the same quarter last year, the company posted $0.17 earnings per share. FXCM’s revenue was down 1.5% compared to the same quarter last year. Analysts expect that FXCM will post $0.77 EPS for the current fiscal year.
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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