FY2016 Earnings Estimate for CardConnect Corp. Issued By Cantor Fitzgerald (CCN)
CardConnect Corp. (NYSE:CCN) – Research analysts at Cantor Fitzgerald issued their FY2016 EPS estimates for shares of CardConnect Corp. in a research note issued on Thursday. Cantor Fitzgerald analyst J. Foresi anticipates that the brokerage will post earnings per share of $0.17 for the year. Cantor Fitzgerald currently has a “Buy” rating and a $12.00 target price on the stock. Cantor Fitzgerald also issued estimates for CardConnect Corp.’s FY2017 earnings at $0.31 EPS.
Several other brokerages have also weighed in on CCN. BTIG Research initiated coverage on shares of CardConnect Corp. in a research report on Friday, September 23rd. They set a “buy” rating and a $14.00 target price on the stock. Piper Jaffray Cos. started coverage on shares of CardConnect Corp. in a report on Friday, August 12th. They issued an “overweight” rating and a $14.00 price target on the stock.
Shares of CardConnect Corp. (NYSE:CCN) opened at 9.35 on Monday. The company has a 50-day moving average of $9.85 and a 200 day moving average of $9.97. CardConnect Corp. has a 12-month low of $8.14 and a 12-month high of $11.56. The firm has a market cap of $80.50 million and a P/E ratio of 20.92.
In other CardConnect Corp. news, insider Brian Shanahan purchased 100,000 shares of CardConnect Corp. stock in a transaction on Friday, July 29th. The shares were bought at an average price of $10.00 per share, with a total value of $1,000,000.00. Following the completion of the acquisition, the insider now directly owns 100,000 shares of the company’s stock, valued at $1,000,000. The transaction was disclosed in a document filed with the SEC, which is available through this link.
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