BGC Partners, Inc. (BGCP): Start Paying Attention to Revised Ratings

BGC Partners, Inc. (BGCP) shares saw a recent bid of $12.14 and 1.29M shares have exchanged hands in the recent trading session, yielding a 3.23% gain over the past week. The stock price increased 0.41% or $-0.05 versus $12.09 at the end of the prior session. This change led market cap to move at $3.43B, putting the price -0.41% below the 52-week high and 48.41% above the 52-week low. The company’s stock has a normal trading capacity of 1.17M shares while the relative volume is 1.10.

To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $13.50 while $14.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $0.5 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $13.00, which would be an increase of about 7% of its current value. The mean target of $13.50 should be compared with the price when the stock was languishing around $8.18 a share. And it remains to be seen which target price BGCP can achieve without sacrificing much as the company is holding a 34.74% gain for the past twelve months.

By historical standards, BGC Partners, Inc. remains a cheap stock. The company’s current price-earnings ratio amounts to 32.12 times earnings, below the average P/E ratio of 32.43 times earnings. For now, BGC Partners, Inc. is the toast of Wall Street as its ABR stands at 1.50 with 1 out of 1 analysts rating the stock a buy. Over the short term, some market observers may have noticed that BGC Partners, Inc. has a 0.94% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. BGC Partners, Inc. has far performed well this year, with the share price up 18.67% since January. Over the past 2 quarters, the stock is up 22.26%, compared with a gain of nearly 6.40% for 3 months and about 4.30% for the past 30 days.

Last time, the company shocked Wall Street by reporting EPS of $0.23, smashing the consensus of $0.22 per share. Revenue for the quarter also killed consensus, coming in at $707.43M, compared to the consensus of 695.45M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.23. The company is expected to report EPS as high as $0.23 and as low as $0.23 per share. Similarly, full-year EPS forecasts have ranged between $0.97 and $1.00. The mean EPS estimate is $0.99. On the other side, sales forecasts for the current quarter are $702M. The stock is expected to report revenue as high as $703M and as low as $701M per share. Similarly, full-year sales forecasts have ranged between $2.87B and $2.94B. The mean revenue estimate is $2.9B.

Over the last 5 years, BGC Partners, Inc. has averaged a 16.10% YoY EPS growth rate and a 12.20% revenue growth rate. Analysts are expecting EPS growth rates to be at -24.50% this quarter and EPS estimate for next year reflect 14.21% growth rate.

Sell-side analysts also have something to say about this company. Raymond James analysts stated on 29/07/2015 that they maintained their Strong Buy rating. Raymond James raised its rating on BGC Partners, Inc. to Strong Buy on 06/07/2015 in a reversal from its prior Outperform rating. Keefe Bruyette analysts stated on 01/02/2010 that they launched coverage on this stock with Mkt Perform rating. Deutsche Securities analysts stated on 16/06/2008 that they launched coverage on this stock with Buy rating.

BGC Partners, Inc. (BGCP): Start Paying Attention to Revised Ratings was last modified: June 6th, 2017 by Caleb Gerald
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