FXCM Given Outperform Rating at Raymond James (FXCM)
FXCM (NASDAQ:FXCM)‘s stock had its “outperform” rating reiterated by equities researchers at Raymond James in a research report issued on Friday. They currently have a $16.00 price objective on the stock, down from their previous price objective of $17.00. Raymond James’ price target indicates a potential upside of 24.61% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. set a $14.00 price target on shares of FXCM in a research note on Friday. Separately, 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. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of FXCM in a research note on Wednesday, July 16th. They now have a $15.50 price target on the stock, down previously from $16.00. Six research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $14.67.
Shares of 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’s market cap is $1.077 billion.
FXCM (NASDAQ:FXCM) last issued its earnings data on Thursday, August 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was down 30.1% on a year-over-year basis. Analysts expect that FXCM will post $0.27 EPS for the current fiscal year.
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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