Zacks Investment Research upgraded shares of BGC Partners (NASDAQ:BGCP) from a sell rating to a buy rating in a research report sent to investors on Tuesday, Zacks.com reports. They currently have $6.00 price target on the financial services provider’s stock.

According to Zacks, “BGC PARTNERS, INC. is a leading global full-service inter-dealer broker, specializing in the trading of financial instruments and related derivatives products. BGC Partners provides integrated voice, hybrid, and fully electronic execution and other brokerage services to some of the world’s largest and most credit worthy banks, broker-dealers, investment banks and investment firms for a broad range of global financial products, including fixed income securities, foreign exchange, equity derivatives, credit derivatives, futures, structured products and other instruments. Through its eSpeed and BGCantor Market Data brands, BGC also offers financial technology solutions and market data and analytics related to selected financial instruments and markets. Named after fixed income trading innovator B. Gerald Cantor, BGC Partners has offices in New York and London, as well as in Beijing, Chicago, Copenhagen, Hong Kong, Istanbul, Mexico City, Nyon, Paris, Seoul, Singapore, Sydney, Tokyo and Toronto. “

Separately, BidaskClub upgraded Zebra Technologies from a hold rating to a buy rating in a research report on Saturday, July 6th. One analyst has rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $11.00.

NASDAQ BGCP opened at $5.47 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.11 and a quick ratio of 1.09. The stock’s 50 day simple moving average is $5.08. BGC Partners has a 12-month low of $4.46 and a 12-month high of $12.65. The firm has a market cap of $1.86 billion, a PE ratio of 5.25 and a beta of 1.37.

BGC Partners (NASDAQ:BGCP) last released its earnings results on Tuesday, May 7th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. BGC Partners had a return on equity of 36.39% and a net margin of 6.74%. The company had revenue of $544.80 million for the quarter, compared to analysts’ expectations of $535.25 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, research analysts predict that BGC Partners will post 0.65 earnings per share for the current year.

Large investors have recently made changes to their positions in the company. Optimum Investment Advisors purchased a new stake in shares of BGC Partners during the 1st quarter worth approximately $27,000. Icon Wealth Partners LLC purchased a new stake in shares of BGC Partners during the 1st quarter worth approximately $40,000. Enterprise Financial Services Corp boosted its stake in shares of BGC Partners by 819.4% during the 1st quarter. Enterprise Financial Services Corp now owns 9,222 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 8,219 shares in the last quarter. Trinity Legacy Partners LLC purchased a new stake in shares of BGC Partners during the 1st quarter worth approximately $58,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of BGC Partners by 21.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,474 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 2,053 shares in the last quarter. 52.28% of the stock is currently owned by institutional investors and hedge funds.

BGC Partners Company Profile

BGC Partners, Inc operates as a brokerage and financial technology company worldwide. It offers various brokerage products, such as fixed income, foreign exchange, equities, energy and commodities, insurance, and futures. The company also provides other services that include trade execution, broker dealer, clearing, trade compression, post-trade, information, and other back office services to financial and non-financial institutions.

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