Knight Capital Group Upgraded to Outperform by Zacks (KCG)
Knight Capital Group (NYSE: KCG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday. The firm currently has a $4.00 target price on the stock.
Shares of Knight Capital Group traded down 0.27% during mid-day trading on Tuesday, hitting $3.72. Knight Capital Group has a one year low of $2.24 and a one year high of $13.54. The stock’s 50-day moving average is currently $3.71. The company’s market cap is $720.9 million.
Knight Capital Group last issued its quarterly earnings data on Thursday, January 24th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.02. The company had revenue of $287.70 million for the quarter, compared to the consensus estimate of $283.02 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was down 15.7% on a year-over-year basis. Analysts expect that Knight Capital Group will post $0.23 EPS for the current fiscal year.
Separately, analysts at JPMorgan Chase reiterated a “neutral” rating on shares of Knight Capital Group in a research note to investors on Wednesday, December 19th.
Nine analysts have rated the stock with a hold rating, and one has given a sell rating to the company’s stock. Knight Capital Group currently has an average rating of “hold” and an average price target of $3.39.
Knight Capital Group, Inc. (Knight) is a global financial services firm that provides access to the capital markets across multiple asset classes to a network of clients, including buy- and sell-side firms and corporations.
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