INTL Fcstone (INTL) Upgraded to “Buy” by BidaskClub

INTL Fcstone (NASDAQ:INTL) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

NASDAQ:INTL traded up $0.32 during mid-day trading on Thursday, reaching $49.55. 29,500 shares of the company were exchanged, compared to its average volume of 82,096. INTL Fcstone has a 12 month low of $38.58 and a 12 month high of $57.00. The company has a quick ratio of 0.99, a current ratio of 1.43 and a debt-to-equity ratio of 0.42. The firm has a market cap of $905.63 million, a P/E ratio of 25.08 and a beta of 1.76.

INTL Fcstone (NASDAQ:INTL) last issued its quarterly earnings data on Monday, August 6th. The financial services provider reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.29. INTL Fcstone had a net margin of 0.05% and a return on equity of 7.95%. The firm had revenue of $259.80 million for the quarter.

A number of large investors have recently modified their holdings of INTL. Piedmont Investment Advisors LLC bought a new stake in INTL Fcstone during the 2nd quarter worth about $189,000. Aperio Group LLC acquired a new position in INTL Fcstone during the 2nd quarter valued at about $241,000. SG Americas Securities LLC acquired a new position in INTL Fcstone during the 2nd quarter valued at about $284,000. FNY Investment Advisers LLC acquired a new position in INTL Fcstone during the 3rd quarter valued at about $285,000. Finally, Teachers Retirement System of The State of Kentucky lifted its position in INTL Fcstone by 25.7% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 6,360 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 1,300 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

About INTL Fcstone

INTL FCStone Inc operates as a financial services company worldwide. The company's Commercial Hedging segment offers risk management consulting services related to agricultural and energy commodities, and base metal products listed on the London Metals Exchange. Its Global Payments segment provides payment solutions to banks and commercial businesses; and charities and non-governmental organizations, and government organizations.

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