ICG Group Coverage Initiated at Barrington Research (ICGE)
Research analysts at Barrington Research initiated coverage on shares of ICG Group (NASDAQ:ICGE) in a report released on Thursday. The firm set an “outperform” rating and a $25.00 price target on the stock. Barrington Research’s target price points to a potential upside of 29.80% from the company’s current price.
ICG Group (NASDAQ:ICGE) traded down 0.10% on Thursday, hitting $19.24. The stock had a trading volume of 4,237 shares. ICG Group has a one year low of $10.96 and a one year high of $22.73. The stock’s 50-day moving average is $19.68 and its 200-day moving average is $19.36. The company has a market cap of $717.8 million and a P/E ratio of 3.92.
ICG Group (NASDAQ:ICGE) last announced its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.03. The company had revenue of $18.40 million for the quarter, compared to the consensus estimate of $17.84 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 53.3% on a year-over-year basis. On average, analysts predict that ICG Group will post $-0.38 earnings per share for the current fiscal year.
ICG Group, Inc (NASDAQ:ICGE), formerly Internet Capital Group, Inc, acquires and builds Internet software and services companies.
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