FXCM Receives Consensus Recommendation of “Buy” from Brokerages
Shares of FXCM (NASDAQ:FXCM) have received a consensus recommendation of “Buy” from the eight analysts that are currently covering the company, American Banking & Market News reports. Six equities research analysts have rated the stock with a buy recommendation, The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $15.92.
FXCM (NASDAQ:FXCM) traded up 1.53% on Tuesday, hitting $15.89. 79,664 shares of the company’s stock traded hands. FXCM has a 52-week low of $12.05 and a 52-week high of $19.20. The stock has a 50-day moving average of $14.8 and a 200-day moving average of $14.42. The company’s market cap is $729.5 million.
FXCM (NASDAQ:FXCM) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ 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 $0.18 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Sandler O’Neill raised their price target on shares of FXCM from $13.50 to $15.00 in a research note on Wednesday, September 10th. Separately, analysts at Citigroup Inc. raised their price target on shares of FXCM from $14.00 to $15.00 in a research note on Wednesday, September 10th. Finally, analysts at Barclays reiterated an “overweight” rating on shares of FXCM in a research note on Wednesday, September 10th. They now have a $15.00 price target on the stock, up previously from $14.00.
FXCM Inc (NASDAQ:FXCM) is an online provider of foreign exchange (FX) trading and related services to approximately 170,930 active retail customers globally.
Source: wkrb-FXCM Receives Consensus Recommendation of “Buy” from Brokerages
