BGC Partners Inc (NASDAQ: BGCP) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, and positive upside/downside volume developed.
Recent notable positive changes in fundamentals have benefitted BGC Partners Inc (NASDAQ: BGCP): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, BGCP is expected to continue to be a major Value Builder.
BGC Partners has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. BGC Partners has a neutral Appreciation Score of 50 but a very high Power Rating of 92, and the Highest Value Trend Rating results.
Recent Price Action
BGC Partners Inc (NASDAQ: BGCP) stock closed at $8.16 on 6/25/24 after a slight decline of -1.0%. However, trading volume in this decline was unusually low at 56% of normal. The stock has risen 2.8% during the last week and has been exceptionally strong relative to the market over the last nine months.
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