FY2016 Earnings Estimate for CardConnect Corp. Issued By Cantor Fitzgerald (CCN)
CardConnect Corp. (NYSE:CCN) – Investment analysts at Cantor Fitzgerald issued their FY2016 EPS estimates for CardConnect Corp. in a research report issued to clients and investors on Thursday. Cantor Fitzgerald analyst J. Foresi forecasts that the brokerage will earn $0.17 per share for the year. Cantor Fitzgerald currently has a “Buy” rating and a $12.00 price objective on the stock. Cantor Fitzgerald also issued estimates for CardConnect Corp.’s FY2017 earnings at $0.31 EPS.
CCN has been the topic of a number of other reports. Piper Jaffray Cos. began coverage on shares of CardConnect Corp. in a research note on Friday, August 12th. They issued an “overweight” rating and a $14.00 price objective on the stock. BTIG Research began coverage on shares of CardConnect Corp. in a research note on Friday, September 23rd. They issued a “buy” rating and a $14.00 price objective on the stock.
CardConnect Corp. (NYSE:CCN) opened at 9.35 on Monday. The company’s 50-day moving average price is $9.85 and its 200 day moving average price is $9.97. The stock has a market capitalization of $80.50 million and a P/E ratio of 20.92. CardConnect Corp. has a 52-week low of $8.14 and a 52-week high of $11.56.
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In other CardConnect Corp. news, insider Brian Shanahan acquired 100,000 shares of the company’s stock in a transaction on Friday, July 29th. The shares were bought at an average cost of $10.00 per share, for a total transaction of $1,000,000.00. Following the completion of the purchase, the insider now owns 100,000 shares in the company, valued at approximately $1,000,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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