Shares of Futu Holdings Limited (NASDAQ:FUTU – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $72.37.
Several brokerages have recently issued reports on FUTU. JPMorgan Chase & Co. raised Futu from a “neutral” rating to an “overweight” rating and raised their price target for the company from $62.00 to $92.00 in a research report on Tuesday, May 28th. Bank of America lifted their price target on Futu from $81.00 to $85.80 and gave the stock a “buy” rating in a research report on Wednesday, May 29th.
Get Our Latest Research Report on Futu
Institutional Investors Weigh In On Futu
Futu Stock Up 0.9 %
Shares of Futu stock opened at $61.48 on Friday. Futu has a 12-month low of $43.61 and a 12-month high of $81.86. The stock has a 50 day moving average price of $65.13 and a two-hundred day moving average price of $61.93. The stock has a market capitalization of $9.25 billion, a P/E ratio of 16.26, a PEG ratio of 0.93 and a beta of 0.74.
Futu (NASDAQ:FUTU – Get Free Report) last posted its quarterly earnings data on Tuesday, May 28th. The company reported $0.95 earnings per share (EPS) for the quarter. The business had revenue of $331.27 million during the quarter. Futu had a net margin of 40.86% and a return on equity of 17.16%. During the same period in the prior year, the company posted $1.08 earnings per share. Sell-side analysts anticipate that Futu will post 4.59 earnings per share for the current year.
About Futu
Futu Holdings Limited provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. It offers online financial services, including securities and derivative trades brokerage, margin financing and fund distribution services through its Futubull and Moomoo digital platforms.
See Also
- Five stocks we like better than Futu
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Michael Burry’s Alibaba Bet and the Broader Market Implications
- What to Know About Investing in Penny Stocks
- Jeff Brown’s Exegesis AI Stock Picks
- Best Aerospace Stocks Investing
- Warren Buffett’s Bet: Why Berkshire Hathaway Bought Ulta Stock
Receive News & Ratings for Futu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Futu and related companies with MarketBeat.com's FREE daily email newsletter.