Shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $209.1667.
A number of equities research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Futu in a research note on Thursday, January 22nd. Zacks Research cut shares of Futu from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Barclays dropped their price target on shares of Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Finally, The Goldman Sachs Group set a $205.00 price target on shares of Futu in a research note on Monday, May 4th.
Check Out Our Latest Stock Analysis on Futu
Institutional Inflows and Outflows
Futu Stock Down 2.0%
NASDAQ FUTU opened at $137.03 on Wednesday. Futu has a twelve month low of $100.50 and a twelve month high of $202.53. The firm has a market capitalization of $19.21 billion, a PE ratio of 13.33, a P/E/G ratio of 0.97 and a beta of 0.52. The stock’s 50 day moving average is $148.76 and its 200 day moving average is $161.44.
Futu (NASDAQ:FUTU – Get Free Report) last released its quarterly earnings results on Sunday, February 15th. The company reported $3.07 earnings per share for the quarter. Futu had a return on equity of 32.24% and a net margin of 49.63%.The company had revenue of $771.00 million for the quarter. On average, research analysts anticipate that Futu will post 11.78 earnings per share for the current year.
Futu Announces Dividend
The company also recently declared a special dividend, which was paid on Wednesday, April 29th. Investors of record on Thursday, April 16th were paid a $2.60 dividend. The ex-dividend date was Thursday, April 16th. Futu’s payout ratio is presently 24.81%.
About Futu
Futu Holdings Ltd. is a technology-driven brokerage and wealth management company that provides online brokerage services, market data, and investment tools to retail and institutional clients. Headquartered in Hong Kong and listed on the NASDAQ under the ticker FUTU, the company operates digital trading platforms that combine order execution, real-time quotes, news, and research tools to serve active investors and wealth management customers.
The firm’s product suite includes brokerage access to equities, exchange-traded funds and derivatives across major markets, margin financing, initial public offering (IPO) subscription services, wealth management products and discretionary investment solutions.
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