CardConnect Corp. (CCN) Now Covered by Cowen and Company
Investment analysts at Cowen and Company started coverage on shares of CardConnect Corp. (NASDAQ:CCN) in a note issued to investors on Tuesday. The firm set an “outperform” rating and a $13.00 price target on the stock. Cowen and Company’s price target indicates a potential upside of 30.00% from the company’s current price.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research raised CardConnect Corp. from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Tuesday, November 15th. BTIG Research reissued a “buy” rating and set a $14.00 target price on shares of CardConnect Corp. in a research note on Sunday, November 13th. Cantor Fitzgerald set a $12.00 target price on CardConnect Corp. and gave the company a “buy” rating in a research note on Friday, November 11th. Finally, Piper Jaffray Cos. assumed coverage on CardConnect Corp. in a research note on Friday, August 12th. They set an “overweight” rating and a $14.00 target price on the stock. Five analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $12.80.
CardConnect Corp. (NASDAQ:CCN) opened at 10.00 on Tuesday. The company’s market capitalization is $287.51 million. CardConnect Corp. has a 52 week low of $8.14 and a 52 week high of $11.56. The firm’s 50-day moving average price is $9.42 and its 200 day moving average price is $9.84.
CardConnect Corp. (NASDAQ:CCN) last posted its earnings results on Thursday, November 10th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.09. The business had revenue of $154 million for the quarter, compared to analysts’ expectations of $153.70 million. Equities research analysts expect that CardConnect Corp. will post $0.38 earnings per share for the current fiscal year.
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CardConnect Corp. Company Profile
CardConnect Corp., formerly FinTech Acquisition Corp., is a provider of payment processing and technology solutions. The Company has developed advanced payment solutions using point-to-point encryption (P2PE) and tokenization. The Company’s small-to-midsize business offering, CardPointe, is a platform that includes a reporting and transaction management portal, which extends to a native mobile application.
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