BGC Partners Inc. (NASDAQ:BGCP) stock went on a downward path that fall over -1.21% on Friday, amounting to a one-week price decrease of more than -2.56%. Over the last 12 months, BGCP stock dropped by -7.46%. The one-year BGCP stock forecast points to a potential downside of -0.58, with the average price target set at $8.50 per share. The average equity rating for BGCP stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for BGCP stock reached $2.97 billion, with 520.47 million shares outstanding and 440.25 million shares in the current float. Compared to the average trading volume of 1.76M shares, BGCP reached a trading volume of 1590805 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about BGC Partners Inc. (BGCP):
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BGCP shares is $9.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BGCP stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for BGC Partners Inc. shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on July 29, 2015. The new note on the price target was released on July 06, 2015, representing the official price target for BGC Partners Inc. stock. Previously, the target price had yet another raise to $5, while Keefe Bruyette analysts kept a Mkt Perform rating on BGCP stock.
The Average True Range (ATR) for BGC Partners Inc. is set at 0.14, with the Price to Sales ratio for BGCP stock in the period of the last 12 months amounting to 1.43. The Price to Book ratio for the last quarter was 2.73, with the Price to Cash per share for the same quarter was set at 0.80.
BGCP stock trade performance evaluation
BGC Partners Inc. (BGCP) fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.56. With this latest performance, BGCP shares dropped by -0.35% in over the last four-week period, additionally plugging by 4.39% over the last 6 months – not to mention a drop of -7.46% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BGCP stock in for the last two-week period is set at 39.84, with the RSI for the last a single of trading hit 31.37, and the three-weeks RSI is set at 46.05 for BGC Partners Inc. (BGCP). The present Moving Average for the last 50 days of trading for this stock 5.74, while it was recorded at 5.78 for the last single week of trading, and 5.41 for the last 200 days.
BGC Partners Inc. (BGCP): An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and BGC Partners Inc. (BGCP) shares currently have an operating margin of +6.81 and a Gross Margin at +92.11. BGC Partners Inc.’s Net Margin is presently recorded at +3.79.
Return on Total Capital for BGCP is now 5.22, given the latest momentum, and Return on Invested Capital for the company is 4.13. Return on Equity for this stock inclined to 10.51, with Return on Assets sitting at 1.66. When it comes to the capital structure of this company, BGC Partners Inc. (BGCP) has a Total Debt to Total Equity ratio set at 102.14. Additionally, BGCP Total Debt to Total Capital is recorded at 50.53, with Total Debt to Total Assets ending up at 22.86. Long-Term Debt to Equity for the company is recorded at 100.13, with the Long-Term Debt to Total Capital now at 49.53.
Reflecting on the efficiency of the workforce at the company, BGC Partners Inc. (BGCP) managed to generate an average of $15,722 per employee. Receivables Turnover for the company is 1.71 with a Total Asset Turnover recorded at a value of 0.44.
Earnings per share (EPS) analysis for BGC Partners Inc. (BGCP) stock
With the latest financial reports released by the company, BGC Partners Inc. posted 0.14/share EPS, while the average EPS was predicted by analysts to be reported at 0.15/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -6.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BGCP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for BGC Partners Inc. go to 12.50%.
BGC Partners Inc. (BGCP): Insider Ownership positions
There are presently around $1,070 million, or 62.70% of BGCP stock, in the hands of institutional investors. The top three institutional holders of BGCP stocks are: VANGUARD GROUP INC with ownership of 26,250,546, which is approximately -1.179% of the company’s market cap and around 4.60% of the total institutional ownership; PRINCIPAL FINANCIAL GROUP INC, holding 19,618,053 shares of the stock with an approximate value of $112.02 million in BGCP stocks shares; and CARDINAL CAPITAL MANAGEMENT LLC /CT, currently with $84.78 million in BGCP stock with ownership of nearly 6.533% of the company’s market capitalization.
Positions in BGC Partners Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 118 institutional holders increased their position in BGC Partners Inc. (NASDAQ:BGCP) by around 15,285,477 shares. Additionally, 106 investors decreased positions by around 12,880,798 shares, while 46 investors held positions by with 159,159,795 shares. The mentioned changes placed institutional holdings at 187,326,070 shares, according to the latest SEC report filing. BGCP stock had 31 new institutional investments in for a total of 1,387,127 shares, while 45 institutional investors sold positions of 3,071,489 shares during the same period.