Futu Holdings Limited (NASDAQ:FUTU – Get Free Report) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $72.97.
Separately, Bank of America lifted their price objective on shares of Futu from $80.20 to $90.00 and gave the company a “buy” rating in a report on Friday, September 27th.
Check Out Our Latest Stock Report on Futu
Hedge Funds Weigh In On Futu
Futu Trading Up 5.0 %
FUTU opened at $92.58 on Wednesday. The stock has a market capitalization of $12.76 billion, a PE ratio of 24.52, a PEG ratio of 1.65 and a beta of 0.74. Futu has a 1-year low of $43.61 and a 1-year high of $130.50. The firm has a 50-day moving average price of $78.96 and a two-hundred day moving average price of $70.91.
Futu (NASDAQ:FUTU – Get Free Report) last released its quarterly earnings data on Tuesday, August 20th. The company reported $1.11 earnings per share for the quarter. Futu had a net margin of 39.27% and a return on equity of 16.77%. The business had revenue of $400.73 million for the quarter. On average, research analysts predict that Futu will post 4.28 EPS 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.
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