Barclays Raises PT & Estimates on Knight Capital Group (KCG); Shares Fairly Attractive, But Waiting for Higher Activity Levels
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Price: $3.66 +1.39%
Rating Summary:
2 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
2 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade KCG Now!
Barclays maintains an 'Equalweight' on Knight Capital Group (NYSE: KCG) price target raised from $14 to $15.
Analyst, Roger A. Freeman, said, "KCG appears to be making solid inroads in stabilizing what has historically be a fairly volatile earnings platform. This is particularly commendable given the market environment seen in the most recent quarter where volatility and trading volumes remained at suppressed levels in many products. While the current environment remains challenging, we believe KCG will fare better than it has historically..."
Freeman raises FY12 EPS from $1.35 to $1.53 and FY13 from $1.56 to $1.73.
For an analyst ratings summary and ratings history on Knight Capital Group click here. For more ratings news on Knight Capital Group click here.
Shares of Knight Capital Group closed at $13.08 yesterday, with a 52 week range of $10.25-$14.00.
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Analyst, Roger A. Freeman, said, "KCG appears to be making solid inroads in stabilizing what has historically be a fairly volatile earnings platform. This is particularly commendable given the market environment seen in the most recent quarter where volatility and trading volumes remained at suppressed levels in many products. While the current environment remains challenging, we believe KCG will fare better than it has historically..."
Freeman raises FY12 EPS from $1.35 to $1.53 and FY13 from $1.56 to $1.73.
For an analyst ratings summary and ratings history on Knight Capital Group click here. For more ratings news on Knight Capital Group click here.
Shares of Knight Capital Group closed at $13.08 yesterday, with a 52 week range of $10.25-$14.00.
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