BGC Partners Inc (NASDAQ: BGCP) has reported E.P.S. of $0.08 for its second fiscal quarter (ending June 30) versus $-0.05 for the same period a year ago. E.P.S. were $0.24 for the latest four quarters through June 30 versus $0.03 for the same period a year ago.
Recent Price Action
BGC Partners Inc (NASDAQ: BGCP) stock declined by -3.9% on 7/30/24. The shares closed at $8.93. Moreover, above average trading volume at 133% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -8.1% during the last week.
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 51 but a very high Power Rating of 92, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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