FXCM Rating Reiterated by JPMorgan Chase (FXCM)
“Back from travels we catch up with FXCM that reported 4Q EPS of $0.13 last week, missing our estimate by a penny. While 4Q results were expectedly weak given a depressed FX environment, trading activity has picked up in 1Q with FXCM reporting its best ever monthly retail ADV of $17.9bn in February. While 4Q expenses were higher than expected, mgmt commentary suggests an outlook for expense control going forward as merger integrations and some declining discretionary costs will partially offset the incremental costs from Lucid.,” JPMorgan Chase’s analyst wrote.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of FXCM from $14.00 to $15.00 in a research note to investors on Friday, March 8th. They now have an outperform rating on the stock. Separately, analysts at Sandler O’Neill raised their price target on shares of FXCM from $13.00 to $15.00 in a research note to investors on Wednesday, February 13th. They now have a buy rating on the stock. Finally, analysts at Raymond James raised their price target on shares of FXCM from $12.00 to $14.50 in a research note to investors on Wednesday, February 13th.
Six research analysts have rated the stock with a buy rating, one has given an overweight rating, and one has issued a hold rating to the company’s stock. The stock has an average rating of buy and an average target price of $14.97.
Shares of FXCM opened at 14.16 on Tuesday. FXCM has a 52 week low of $8.50 and a 52 week high of $14.17. The stock’s 50-day moving average is currently $13.07. The company has a market cap of $1.907 billion and a P/E ratio of 38.27.
The company also recently announced a quarterly dividend, which is scheduled for Monday, April 1st. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Friday, March 15th.
FXCM Inc. is a holding company. The Company’s sole asset is a controlling interest in FXCM Holdings, LLC.
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