Todays Report: Today, Cowen and Company Begins Coverage on CardConnect Corp. (CCN)

Today, Cowen and Company Begins Coverage on CardConnect Corp. (CCN)

Cowen and Company assumed coverage on shares of CardConnect Corp. (NASDAQ:CCN) in a report released on Tuesday. The firm issued an outperform rating and a $13.00 price target on the stock.

A number of other equities research analysts also recently commented on CCN. BTIG Research set a $14.00 price objective on CardConnect Corp. and gave the company a buy rating in a research report on Sunday, November 6th. Cantor Fitzgerald set a $12.00 price objective on CardConnect Corp. and gave the company a buy rating in a research report on Friday, November 11th. Piper Jaffray Cos. assumed coverage on CardConnect Corp. in a research report on Friday, August 12th. They set an overweight rating and a $14.00 price objective for the company. Finally, Zacks Investment Research upgraded CardConnect Corp. from a hold rating to a buy rating and set a $11.00 price objective for the company in a research report on Tuesday, November 15th. Five analysts have rated the stock with a buy rating, The stock has an average rating of Buy and a consensus target price of $12.80.

CardConnect Corp. (NASDAQ:CCN) opened at 10.00 on Tuesday. The firm’s 50 day moving average price is $9.42 and its 200-day moving average price is $9.84. The firm’s market cap is $287.51 million. CardConnect Corp. has a 52 week low of $8.14 and a 52 week high of $11.56.

CardConnect Corp. (NASDAQ:CCN) last announced its quarterly earnings data on Thursday, November 10th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. The company had revenue of $154 million for the quarter, compared to analyst estimates of $153.70 million. On average, analysts forecast that CardConnect Corp. will post $0.38 EPS for the current year.

CardConnect Corp. Company Profile

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