Bats Global Markets Inc (BATS) Trading Down 4.4%
Shares of Bats Global Markets Inc (NASDAQ:BATS) traded down 4.4% on Tuesday . The stock traded as low as $25.98 and last traded at $25.98, with a volume of 68,762 shares. The stock had previously closed at $27.18.
Several analysts have weighed in on the stock. 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. Barclays PLC boosted their target price on shares of 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. Zacks Investment Research upgraded shares of Bats Global Markets from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, July 12th. Finally, Royal Bank Of Canada assumed coverage on shares of Bats Global Markets in a research report on Tuesday, June 21st. They issued an “underperform” rating and a $23.00 target price for the company.
The company’s 50-day moving average is $25.62 and its 200 day moving average is $25.53.
Bats Global Markets (NASDAQ:BATS) last announced its earnings results on Thursday, August 4th. The company reported $0.35 EPS for the quarter, beating 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 EPS 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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