RBC Capital Markets upgraded shares of Bats Global Markets Inc (NASDAQ:BATS) from an underperform rating to a sector perform rating in a report issued on Tuesday morning. They currently have $32.50 price target on the stock, up from their prior price target of $23.00.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Bats Global Markets from a hold rating to a buy rating and set a $28.00 price target for the company in a research note on Tuesday, July 12th. Barclays PLC upped their price objective on Bats Global Markets from $24.00 to $25.00 and gave the company an equal weight rating in a research report on Friday, August 5th. Keefe, Bruyette & Woods cut Bats Global Markets from an outperform rating to a market perform rating and set a $30.50 price objective for the company. in a research report on Monday. Raymond James Financial Inc. raised Bats Global Markets from an underperform rating to a market perform rating in a report on Thursday, August 25th. Finally, Goldman Sachs Group Inc. reissued a neutral rating and set a $25.00 price target on shares of Bats Global Markets in a report on Wednesday, August 10th. Seven research analysts have rated the stock with a hold rating, The company currently has an average rating of Hold and an average price target of $28.00.
Shares of Bats Global Markets (NASDAQ:BATS) opened at 29.75 on Tuesday. Bats Global Markets has a 12-month low of $19.00 and a 12-month high of $30.39. The stock’s 50 day moving average price is $25.07 and its 200 day moving average price is $25.36.
Bats Global Markets (NASDAQ:BATS) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.04. Analysts forecast that Bats Global Markets will post $1.37 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Advisors LLC purchased a new position in Bats Global Markets during the second quarter valued at approximately $108,000. Royce & Associates LP acquired a new stake in Bats Global Markets during the second quarter worth $128,000. BlackRock Fund Advisors acquired a new stake in Bats Global Markets during the second quarter worth $130,000. Stifel Financial Corp acquired a new stake in Bats Global Markets during the second quarter worth $216,000. Finally, First Mercantile Trust Co. acquired a new stake in Bats Global Markets during the second quarter worth $221,000.
Bats Global Markets Company Profile
BATS Global Markets, Inc (BATS) is an operator of exchanges and provider of services for financial markets. The Company facilitates securities trading and exchange traded products (ETP) listings for the United States and European equity securities and operates a United States options exchange. BATS serves the foreign exchange (FX) market, operating Hotspot, an institutional spot foreign exchange market.
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