BGC Partners Hits New 52-Week High at $7.65 (BGCP)
BGC Partners (NASDAQ:BGCP) reached a new 52-week high during trading on Friday , American Banking and Market News reports. The company traded as high as $7.65 and last traded at $7.54, with a volume of 358,391 shares. The stock had previously closed at $7.61.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of BGC Partners in a research note on Tuesday. They now have a $8.00 price target on the stock, up previously from $7.50. Separately, analysts at BGC Financial raised their price target on shares of BGC Partners from $7.00 to $8.00 in a research note on Friday, May 2nd. Finally, analysts at BGC Financial raised their price target on shares of BGC Partners from $6.00 to $7.00 in a research note on Thursday, April 10th.
The stock has a 50-day moving average of $7.22 and a 200-day moving average of $6.76. The company has a market cap of $1.651 billion and a price-to-earnings ratio of 22.01.
BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.02. The company had revenue of $445.90 million for the quarter, compared to the consensus estimate of $436.00 million. During the same quarter last year, the company posted $0.12 earnings per share. BGC Partners’s revenue was down .9% compared to the same quarter last year. On average, analysts predict that BGC Partners will post $0.57 earnings per share for the current fiscal year.
In other BGC Partners news, Director Stephen T. Curwood sold 4,800 shares of the company’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $7.48, for a total transaction of $35,904.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
BGC Partners, Inc (NASDAQ:BGCP) is a global brokerage company primarily servicing the wholesale financial markets, specializing in the brokering of a range of products, including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, property derivatives, commodities, futures and structured products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.