Stock analysts at Raymond James increased their target price on shares of FXCM (NASDAQ: FXCM) from $15.50 to $18.00 in a report issued on Tuesday, ARN reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target suggests a potential upside of 12.29% from the company’s current price.
A number of other analysts have also recently weighed in on FXCM. Analysts at JP Morgan Cazenove raised their price target on shares of FXCM from $16.50 to $19.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of FXCM in a research note to investors on Tuesday. They now have a $21.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of FXCM from $17.00 to $18.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock.
Eight analysts have rated the stock with a buy rating, FXCM currently has an average rating of “Buy” and an average target price of $17.28.
FXCM (NASDAQ: FXCM) traded up 3.81% on Tuesday, hitting $16.64. FXCM has a 1-year low of $8.50 and a 1-year high of $16.81. The stock’s 50-day moving average is currently $15.23. The company has a market cap of $616.8 million and a price-to-earnings ratio of 33.68.
FXCM (NASDAQ: FXCM) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.23. The company had revenue of $122.90 million for the quarter, compared to the consensus estimate of $127.60 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. On average, analysts predict that FXCM will post $0.89 earnings per share for the current fiscal year.
FXCM Inc (NASDAQ: FXCM) is an online provider of foreign exchange (FX) trading and related services to approximately 170,930 active retail customers globally.
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