Zacks Investment Research Upgrades Bats Global Markets Inc (BATS) to “Buy”
Bats Global Markets Inc (NASDAQ:BATS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage presently has a $34.00 price objective on the stock.
According to Zacks, “Bats Global Markets, Inc. is an operator of exchanges and services for financial markets. It operates primarily in New York, London, Chicago, San Francisco and Singapore. Bats Global Markets, Inc. is headquartered in Kansas City. “
A number of other research analysts have also weighed in on the company. Jefferies Group raised their price objective on Bats Global Markets from $28.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, October 11th. Goldman Sachs Group Inc. raised their price objective on Bats Global Markets from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, September 28th. Barclays PLC raised their price objective on Bats Global Markets from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, August 5th. Keefe, Bruyette & Woods lowered Bats Global Markets from an “outperform” rating to a “market perform” rating and set a $30.50 price target on the stock. in a report on Monday, September 26th. Finally, RBC Capital Markets upgraded Bats Global Markets from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from $23.00 to $32.50 in a report on Tuesday, September 27th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Bats Global Markets presently has an average rating of “Hold” and a consensus target price of $29.31.
Bats Global Markets (NASDAQ:BATS) opened at 30.93 on Wednesday. Bats Global Markets has a 12-month low of $22.40 and a 12-month high of $33.00. The stock has a 50 day moving average of $28.25 and a 200-day moving average of $26.12.
Bats Global Markets (NASDAQ:BATS) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The firm earned $108.80 million during the quarter, compared to analysts’ expectations of $106.20 million. Analysts forecast that Bats Global Markets will post $1.41 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Investors of record on Wednesday, November 30th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date is Monday, November 28th.
Several hedge funds have recently modified their holdings of BATS. Morgan Stanley increased its stake in shares of Bats Global Markets by 14.5% in the third quarter. Morgan Stanley now owns 6,455,037 shares of the company’s stock worth $194,489,000 after buying an additional 815,339 shares during the last quarter. Credit Suisse AG acquired a new stake in shares of Bats Global Markets during the second quarter worth about $145,833,000. FMR LLC acquired a new stake in shares of Bats Global Markets during the second quarter worth about $47,938,000. Tiger Legatus Capital Management LLC acquired a new stake in shares of Bats Global Markets during the second quarter worth about $17,983,000. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of Bats Global Markets during the second quarter worth about $14,812,000.
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.
Receive News & Stock Ratings for Bats Global Markets Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bats Global Markets Inc and related stocks with our FREE daily email newsletter.