KCG Holdings Given Average Rating of “Buy” by Brokerages (NYSE:KCG)
Shares of KCG Holdings (NYSE:KCG) have been given a consensus recommendation of “Buy” by the nine ratings firms that are covering the stock, Analyst Ratings Network reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $11.78.
A number of analysts have recently weighed in on KCG shares. Analysts at Raymond James raised their price target on shares of KCG Holdings from $13.00 to $14.00 in a research note on Wednesday, June 4th. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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.
Shares of KCG Holdings (NYSE:KCG) opened at 12.16 on Friday. KCG Holdings has a 52 week low of $8.11 and a 52 week high of $13.29. The stock’s 50-day moving average is $11.39 and its 200-day moving average is $11.49. The company has a market cap of $1.528 billion and a P/E ratio of 6.55.
KCG Holdings (NYSE:KCG) last announced its earnings results on Friday, May 2nd. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. On average, analysts predict that KCG Holdings will post $0.94 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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