Latest Stocks: CardConnect Corp (CCN) Given Consensus Recommendation of “Buy” by Brokerages

Latest Stocks: CardConnect Corp (CCN) Given Consensus Recommendation of “Buy” by Brokerages

Shares of CardConnect Corp (NASDAQ:CCN) have received a consensus rating of “Buy” from the seven analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $16.17.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded CardConnect Corp from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Monday. Craig Hallum downgraded CardConnect Corp from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a research report on Tuesday, May 30th. Piper Jaffray Companies lifted their price objective on CardConnect Corp from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, March 13th. Cowen and Company downgraded CardConnect Corp from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $17.00 to $15.00 in a research report on Tuesday, May 30th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $17.00 price objective on shares of CardConnect Corp in a research report on Monday, March 13th.

CardConnect Corp (NASDAQ:CCN) opened at 15.20 on Tuesday. The company’s market capitalization is $474.06 million. CardConnect Corp has a 12 month low of $8.14 and a 12 month high of $15.25. The firm’s 50-day moving average is $14.02 and its 200-day moving average is $13.22. CardConnect Corp (NASDAQ:CCN) last announced its quarterly earnings data on Wednesday, May 10th. The business services provider reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.02. The company had revenue of $156.65 million during the quarter, compared to analysts’ expectations of $41.10 million. Equities analysts anticipate that CardConnect Corp will post $0.45 EPS for the current fiscal year.

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