Equities research analysts at BGC Financial lifted their price objective on shares of BGC Partners (NASDAQ:BGCP) from $6.00 to $7.00 in a research note issued to investors on Thursday, StockRatingsNetwork reports. BGC Financial’s price target suggests a potential upside of 2.79% from the company’s current price.
BGC Partners (NASDAQ:BGCP) traded up 0.66% on Thursday, hitting $6.855. The stock had a trading volume of 267,018 shares. BGC Partners has a 52 week low of $5.10 and a 52 week high of $7.30. The stock’s 50-day moving average is $6.83 and its 200-day moving average is $6.15. The company has a market cap of $1.497 billion and a price-to-earnings ratio of 18.66.
BGC Partners (NASDAQ:BGCP) last announced its earnings results on Wednesday, February 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The company had revenue of $432.90 million for the quarter, compared to the consensus estimate of $421.88 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. Analysts expect that BGC Partners will post $0.57 EPS for the current fiscal year.
BGC Partners, Inc (NASDAQ:BGCP) is a global brokerage company primarily servicing the wholesale financial markets, specializing in the brokering of a range of products, including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, property derivatives, commodities, futures and structured products.
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.