FXCM Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:FXCM)
FXCM (NASDAQ:FXCM) has earned an average rating of “Buy” from the eight brokerages that are presently covering the stock, AnalystRatingsNetwork reports. Six equities research analysts have rated the stock with a buy recommendation, The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $14.67.
Shares of FXCM (NASDAQ:FXCM) opened at 13.90 on Friday. FXCM has a one year low of $12.05 and a one year high of $19.97. The stock’s 50-day moving average is $13.52 and its 200-day moving average is $14.64. The company’s market cap is $638.1 million.
FXCM (NASDAQ:FXCM) last issued its quarterly 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 last year, the company posted $0.31 earnings per share. FXCM’s revenue was down 30.1% compared to the same quarter last year. Analysts expect that FXCM will post $0.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Friday, September 5th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Wednesday, September 3rd.
FXCM has been the subject of a number of recent research reports. Analysts at Sandler O’Neill cut their price target on shares of FXCM from $14.00 to $13.50 in a research note on Friday, August 8th. Separately, analysts at Credit Suisse cut their price target on shares of FXCM from $15.50 to $12.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of FXCM in a research note on Friday, August 8th. They now have a $16.00 price target on the stock, down previously from $17.00.
In other FXCM news, COO David Sakhai sold 7,277 shares of FXCM stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $13.77, for a total transaction of $100,204.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
FXCM Inc (NASDAQ:FXCM) is an online provider of foreign exchange (FX) trading and related services to approximately 170,930 active retail customers globally.
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.