Zacks: FBR & Co (FBRC) Given $18.00 Average Target Price by Brokerages
Shares of FBR & Co (NASDAQ:FBRC) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price target of $18.00 for the company and are anticipating that the company will post ($0.08) EPS for the current quarter, according to Zacks. Zacks has also assigned FBR & Co an industry rank of 52 out of 265 based on the ratings given to related companies.
Several equities research analysts recently commented on FBRC shares. TheStreet downgraded FBR & Co from a “hold” rating to a “sell” rating in a report on Wednesday, August 17th. Zacks Investment Research upgraded FBR & Co from a “strong sell” rating to a “hold” rating in a report on Monday, September 19th.
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Large investors have recently bought and sold shares of the company. Teachers Advisors Inc. acquired a new stake in FBR & Co during the second quarter valued at about $148,000. Renaissance Technologies LLC acquired a new stake in FBR & Co during the first quarter valued at about $203,000. California State Teachers Retirement System acquired a new stake in FBR & Co during the second quarter valued at about $196,000. Nationwide Fund Advisors acquired a new stake in FBR & Co during the second quarter valued at about $204,000. Finally, BlackRock Investment Management LLC increased its stake in FBR & Co by 2,589.8% in the second quarter. BlackRock Investment Management LLC now owns 25,580 shares of the company’s stock valued at $382,000 after buying an additional 24,629 shares in the last quarter. Institutional investors own 72.89% of the company’s stock.
FBR & Co (NASDAQ:FBRC) traded up 1.85% on Tuesday, hitting $13.75. The stock had a trading volume of 6,208 shares. FBR & Co has a 1-year low of $13.00 and a 1-year high of $22.37. The company’s 50 day moving average is $13.55 and its 200-day moving average is $16.08. The firm’s market capitalization is $95.23 million.
FBR & Co Company Profile
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