BGC Partners (BGCP) Receiving Somewhat Positive News Coverage, Report Finds
News stories about BGC Partners (NASDAQ:BGCP) have trended somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BGC Partners earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.7140922153362 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Linda A. Bell Sells 13,650 Shares of BGC Partners, Inc. (BGCP) Stock (americanbankingnews.com)
- ETFs with exposure to BGC Partners, Inc. : October 3, 2017 (finance.yahoo.com)
- Heads-up Sell Cue: BGC Partners, Inc. (BGCP) stock RSI shifts to 82.41 – Voice Of Analysts (analystsbuzz.com)
- Host Hotels & Resorts, Inc. (HST) and BGC Partners, Inc. (BGCP) closes with a move of 5.62% – Stocks Gallery (stocksgallery.com)
- Pre-Market Technical Recap on Investment Brokerage Stocks — BGC Partners, CME … (prnewswire.com)
BGCP has been the topic of a number of analyst reports. BidaskClub lowered shares of BGC Partners from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised shares of BGC Partners from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Friday, June 30th. Finally, ValuEngine cut shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday.
Shares of BGC Partners (BGCP) opened at 15.29 on Wednesday. The stock has a market cap of $4.32 billion, a P/E ratio of 42.01 and a beta of 1.31. The stock has a 50 day moving average price of $13.25 and a 200-day moving average price of $12.26. BGC Partners has a 12 month low of $8.36 and a 12 month high of $15.30.
BGC Partners (NASDAQ:BGCP) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.24 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.24. BGC Partners had a net margin of 4.23% and a return on equity of 35.60%. The business had revenue of $737.80 million for the quarter, compared to the consensus estimate of $716.00 million. During the same period in the prior year, the business posted $0.21 earnings per share. BGC Partners’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, analysts forecast that BGC Partners will post $0.99 EPS for the current fiscal year.
In other BGC Partners news, Director Linda A. Bell sold 13,650 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $14.70, for a total value of $200,655.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 37.40% of the stock is currently owned by company insiders.
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About BGC Partners
BGC Partners, Inc (BGC) is a global brokerage company servicing the financial and real estate markets. The Company operates through two segments: Financial Services and Real Estate Services. It provides a range of services, including trade execution, broker-dealer services clearing, trade compression, post trade, information, and other back-office services to a range of financial and non-financial institutions.
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