Todays Report: Today, CardConnect Corp. (CCN) Given a $14.00 Price Target at BTIG Research

Today, CardConnect Corp. (CCN) Given a $14.00 Price Target at BTIG Research

CardConnect Corp. (NASDAQ:CCN) received a $14.00 target price from equities researchers at BTIG Research in a research note issued to investors on Sunday. The brokerage currently has a “buy” rating on the stock. BTIG Research’s target price points to a potential upside of 41.41% from the company’s current price.

Several other research analysts have also commented on the company. Cantor Fitzgerald began coverage on CardConnect Corp. in a report on Friday, September 30th. They set a “buy” rating on the stock. Piper Jaffray Cos. began coverage on CardConnect Corp. in a report on Friday, August 12th. They set an “overweight” rating and a $14.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of $12.80.

CardConnect Corp. (NASDAQ:CCN) traded down 1.00% during mid-day trading on Friday, hitting $9.90. 3,101 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $9.42 and its 200-day moving average price is $9.84. The stock has a market cap of $284.63 billion and a PE ratio of 990.00. CardConnect Corp. has a one year low of $8.14 and a one year high of $11.56.

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

About CardConnect Corp.

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