Zacks: BGC Partners, Inc. (BGCP) Receives Consensus Rating of “Strong Buy” from Analysts
BGC Partners, Inc. (NASDAQ:BGCP) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus target price of $18.00 for the company and are anticipating that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also assigned BGC Partners an industry rank of 33 out of 265 based on the ratings given to related companies.
A number of research analysts recently weighed in on BGCP shares. BidaskClub lowered shares of BGC Partners from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine lowered shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, BGC Financial upgraded BGC Partners from a “hold” rating to a “buy” rating in a research report on Tuesday.
BGC Partners (NASDAQ:BGCP) traded up $0.53 during mid-day trading on Friday, hitting $13.54. 2,782,800 shares of the company were exchanged, compared to its average volume of 1,962,382. BGC Partners has a 1 year low of $10.39 and a 1 year high of $16.97. The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.31 and a current ratio of 1.32. The stock has a market capitalization of $3,758.03, a price-to-earnings ratio of 11.72 and a beta of 1.06.
BGC Partners (NASDAQ:BGCP) last posted its earnings results on Friday, February 9th. The financial services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. BGC Partners had a net margin of 0.05% and a return on equity of 48.27%. The firm had revenue of $894.23 million during the quarter, compared to analyst estimates of $853.00 million. During the same period last year, the firm posted $0.25 earnings per share. research analysts anticipate that BGC Partners will post 1.3 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 27th will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.72 dividend on an annualized basis and a yield of 5.32%.
BGC Partners Company Profile
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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