Research analysts at Keefe, Bruyette & Woods set a $4.50 price objective on shares of FXCM (NASDAQ:FXCM) stock in a report released on Tuesday. The firm currently has a an “underperform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 181.25% from the company’s current price.
The analysts wrote, “After being halted all day Friday following the $225 mln potential loss announcement, FXCM announced just on market close that Leucadia would provide a two-year, 10% term loan for $300 million that would enable FXCM to get back to normal operations. This is a good outcome, in our view, considering what might have happened had FXCM not executed this quickly. We lower our estimates to reflect our preliminary thoughts on earnings power with the new debt and potentially lower customer activity. We lower our 12-month PT to $4.50 from $10.”
A number of other firms have also recently commented on FXCM. Analysts at Raymond James downgraded shares of FXCM from an “outperform” rating to an “underperform” rating in a research note on Friday, January 16th. Analysts at Credit Suisse downgraded shares of FXCM from an “outperform” rating to an “underperform” rating and lowered their price target for the stock from $18.00 to $4.00 in a research note on Friday, January 16th. Finally, analysts at Citigroup Inc. downgraded shares of FXCM from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $17.00 to $5.00 in a research note on Friday, January 16th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. FXCM currently has an average rating of “Hold” and an average price target of $10.88.
Shares of FXCM (NASDAQ:FXCM) traded up 14.99% during mid-day trading on Tuesday, hitting $1.8399. The stock had a trading volume of 13,352,656 shares. FXCM has a 52 week low of $1.28 and a 52 week high of $17.97. The stock has a 50-day moving average of $15.96 and a 200-day moving average of $15.25. The company has a market cap of $86.8 million and a P/E ratio of 15.24.
FXCM (NASDAQ:FXCM) last announced its earnings results on Thursday, November 6th. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.06. The company had revenue of $116.14 million for the quarter, compared to the consensus estimate of $119.67 million. During the same quarter last year, the company posted $0.13 earnings per share. FXCM’s revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that FXCM will post $0.34 earnings per share for the current fiscal year.
In other FXCM news, major shareholder Michael Romersa sold 10,550 shares of FXCM stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $17.01, for a total transaction of $179,455.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
FXCM Inc (NASDAQ:FXCM) is an online provider of foreign exchange (FX) trading and related services to approximately 170,930 active retail customers globally. The Company offers its customers access to over-the-counter (OTC) FX markets through its technology platform.
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