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Stock analysts at Credit Suisse decreased their target price on shares of FXCM (NASDAQ:FXCM) from $15.50 to $12.00 in a report issued on Friday. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price objective would suggest a potential downside of 6.54% from the stock’s previous close.

FXCM (NASDAQ:FXCM) opened at 12.84 on Friday. FXCM has a 52 week low of $12.05 and a 52 week high of $19.97. The stock has a 50-day moving average of $13.81 and a 200-day moving average of $14.92. The company has a market cap of $588.6 million and a price-to-earnings ratio of 47.31.

FXCM (NASDAQ:FXCM) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.02 by $0.04. The company had revenue of $97.90 million for the quarter, compared to the consensus estimate of $96.30 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was down 30.1% on a year-over-year basis. Analysts expect that FXCM will post $0.28 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of FXCM in a research note on Friday. They now have a $16.00 price target on the stock, down previously from $17.00. Separately, analysts at Citigroup Inc. set a $14.00 price target on shares of FXCM in a research note on Friday. Finally, analysts at Barclays cut their price target on shares of FXCM from $16.00 to $15.00 in a research note on Wednesday, July 16th. They now have an “overweight” rating on the stock. Six investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $14.67.

FXCM Inc (NASDAQ:FXCM) is an online provider of foreign exchange (FX) trading and related services to approximately 170,930 active retail customers globally.

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