GFI Group Rating Lowered to Hold at Sandler O’Neill (GFIG)
GFI Group (NASDAQ:GFIG) was downgraded by Sandler O’Neill from a “buy” rating to a “hold” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports. They currently have a $4.55 target price on the stock, down from their previous target price of $5.00. Sandler O’Neill’s price objective suggests a potential upside of 2.02% from the company’s current price.
Shares of GFI Group (NASDAQ:GFIG) traded down 1.55% on Thursday, hitting $4.46. The stock had a trading volume of 1,218,050 shares. GFI Group has a 52-week low of $2.98 and a 52-week high of $4.56. The stock’s 50-day moving average is $3.34 and its 200-day moving average is $3.60. The company’s market cap is $551.7 million.
GFI Group (NASDAQ:GFIG) last announced its earnings results on Thursday, July 31st. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.02 by $0.01. The company had revenue of $218.11 million for the quarter, compared to the consensus estimate of $223.83 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was down 10.0% on a year-over-year basis. Analysts expect that GFI Group will post $0.11 EPS for the current fiscal year.
GFI Group Inc (NASDAQ:GFIG) is a provider of wholesale brokerage services, clearing services and electronic execution and trading support products for global financial markets.
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