Analyst Ratings for BGC Partners Inc. Cl A (BGCP)Updated: 2017-07-26
Analysts covering BGC Partners Inc. Cl A (NASDAQ:BGCP) have given it a consensus rating of Buy. BGCP had previously received a consensus rating of Buy a month ago.
A buy rating was issued by 2 analysts, 0 issued an overweight rating, 0 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Many analysts weighed in on price targets for BGCP. The highest price target was 14, implying a possible profit of 11.91 percent. The minimum price target given was 13.5, which equates to a potential downside of 7.91 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 4.35 percent. The average change in earnings estimates over the last 90 days is 2.17 percent. Meanwhile, fiscal year estimates have been revised upwards by 1.01 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.52 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
The growth rate of BGCP's earnings is estimated by analysts to be 142.3 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. BGCP has a PEG ratio of 0.23.
BGCP has traded between a high of 13.44 and a low of 8.36 over the past year. The current market price is above the trailing year's low by 49.64 percent, and 6.92 percent lower than its 52-week high. BGCP has a P/E ratio of 32.08. Investors typically compare the P/E ratio to a company's peers in the industry. The BGCP value stock report compares BGCP to some of its peers using value stock charts. The market cap of BGCP is $3.81 billion. BGCP is estimated to release their earnings results for the quarter on 0000-00-00, days from today.