Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for BGC Partners Inc (NASDAQ: BGC) rose significantly recently. BGC’s current Value Trend Rating is A and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
BGC Partners Inc (NASDAQ: BGC) stock closed at $11.47 on 11/8/24 after an increase of 1.1%. NORMAL trading volume accompanied the advance. The stock has risen 22.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
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). This VT Rating improved in recent days from C previously. 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 56 but a very high Power Rating of 93, triggering the Highest Value Trend Rating.
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