Bats Global Markets Inc (NASDAQ:BATS) shot up 3.3% during trading on Tuesday . The stock traded as high as $24.90 and last traded at $24.74, with a volume of 94,504 shares. The stock had previously closed at $23.95.

Several research firms recently commented on BATS. Zacks Investment Research raised shares of Bats Global Markets from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock 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 target price on shares of Bats Global Markets in a research note on Wednesday, August 10th. Barclays PLC upped their target price on shares of Bats Global Markets from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, August 5th. Finally, Royal Bank Of Canada began coverage on shares of Bats Global Markets in a research note on Tuesday, June 21st. They issued an “underperform” rating and a $23.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $25.25.

The stock has a 50-day moving average of $25.21 and a 200 day moving average of $25.38.

Bats Global Markets (NASDAQ:BATS) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. On average, equities analysts predict that Bats Global Markets Inc will post $1.38 earnings per share for the current year.

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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