Shares of Bats Global Markets Inc (NASDAQ:BATS) have been assigned a consensus broker rating score of 2.88 (Hold) from the eight brokers that provide coverage for the company, Zacks Investment Research reports. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Bats Global Markets’ rating score has improved by 7.4% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus target price of $27.50 for the company and are expecting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also given Bats Global Markets an industry rank of 107 out of 265 based on the ratings given to its competitors.
Several research firms have recently weighed in on BATS. Zacks Investment Research upgraded shares of Bats Global Markets from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Tuesday, July 12th. Raymond James Financial Inc. upgraded shares of Bats Global Markets from an “underperform” rating to a “market perform” rating in a research note on Thursday, August 25th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $25.00 price objective on shares of Bats Global Markets in a research note on Wednesday, August 10th. Barclays PLC lifted their price objective on shares of Bats Global Markets from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, August 5th. Finally, Royal Bank Of Canada assumed coverage on shares of Bats Global Markets in a research note on Tuesday, June 21st. They issued an “underperform” rating and a $23.00 price objective for the company.

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Shares of Bats Global Markets (NASDAQ:BATS) traded up 1.15% on Tuesday, reaching $24.53. 48,063 shares of the company traded hands. The firm has a 50-day moving average price of $25.07 and a 200 day moving average price of $25.36. Bats Global Markets has a one year low of $19.00 and a one year high of $29.01.
Bats Global Markets (NASDAQ:BATS) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. Analysts forecast that Bats Global Markets will post $1.38 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Advisors LLC acquired a new stake in Bats Global Markets during the second quarter valued at about $108,000. Royce & Associates LP purchased a new position in Bats Global Markets during the second quarter worth about $128,000. BlackRock Fund Advisors purchased a new position in Bats Global Markets during the second quarter worth about $130,000. Stifel Financial Corp purchased a new position in Bats Global Markets during the second quarter worth about $216,000. Finally, First Mercantile Trust Co. purchased a new position in Bats Global Markets during the second quarter worth about $221,000.
About Bats Global Markets
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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