Equities researchers at Keefe, Bruyette & Woods lowered their price target on shares of BGC Partners (NASDAQ:BGCP) from $6.50 to $6.00 in a research report issued on Friday, AnalystRatings.Net reports. Keefe, Bruyette & Woods’ price target suggests a potential upside of 13.42% from the company’s current price.
BGC Partners (NASDAQ:BGCP) traded down 0.47% on Friday, hitting $5.29. The stock had a trading volume of 1,477,526 shares. BGC Partners has a 52 week low of $3.11 and a 52 week high of $6.53. The stock’s 50-day moving average is $5.53 and its 200-day moving average is $5.77. The company has a market cap of $909.2 million and a P/E ratio of 15.36.
BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.12 by $0.02. The company had revenue of $414.40 million for the quarter, compared to the consensus estimate of $426.00 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was down 7.0% on a year-over-year basis. Analysts expect that BGC Partners will post $0.46 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.
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