KCG Holdings Price Target Raised to $14.00 at Raymond James (KCG)
Research analysts at Raymond James lifted their target price on shares of KCG Holdings (NYSE:KCG) from $13.00 to $14.00 in a report released on Wednesday. Raymond James’ price objective would suggest a potential upside of 19.15% from the company’s current price.
A number of other analysts have also recently weighed in on KCG. Analysts at Zacks upgraded shares of KCG Holdings from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 15th. They now have a $12.00 price target on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of KCG Holdings from $11.50 to $12.00 in a research note on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $11.78.
In other KCG Holdings news, Insider George Sohos sold 26,525 shares of the company’s stock on the open market in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $11.98, for a total transaction of $317,769.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of KCG Holdings (NYSE:KCG) traded up 0.51% during mid-day trading on Wednesday, hitting $11.81. 124,774 shares of the company’s stock traded hands. KCG Holdings has a 1-year low of $8.11 and a 1-year high of $13.29. The stock has a 50-day moving average of $10.98 and a 200-day moving average of $11.42. The company has a market cap of $1.484 billion and a price-to-earnings ratio of 6.33.
KCG Holdings (NYSE:KCG) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.13. The company had revenue of $383.66 million for the quarter, compared to the consensus estimate of $114.99 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. On average, analysts predict that KCG Holdings will post $0.96 earnings per share for the current fiscal year.
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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