In a report released yesterday, Kyle Voigt from KBW maintained a Buy rating on Interactive Brokers (IBKR – Research Report), with a price target of $128.00. The company’s shares closed yesterday at $116.90.
According to TipRanks, Voigt is a 4-star analyst with an average return of 5.0% and a 66.33% success rate. Voigt covers the Financial sector, focusing on stocks such as Charles Schwab, Nasdaq, and CME Group.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Interactive Brokers with a $134.50 average price target, a 15.06% upside from current levels. In a report released on April 17, Bank of America Securities also assigned a Buy rating to the stock with a $152.00 price target.
Based on Interactive Brokers’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $160 million. In comparison, last year the company had a net profit of $136 million
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Interactive Brokers (IBKR) Company Description:
Founded in 1977, Interactive Brokers Group, Inc. is a Connecticut-based automated electronic broker, which specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds.
Read More on IBKR:
- Interactive Brokers launches Hong Kong spot Bitcoin and Ether ETPs
- Interactive Brokers price target raised to $152 from $147 at BofA
- Interactive Brokers price target raised to $136 from $132 at Barclays
- Interactive Brokers raises quarterly dividend to 25c per share from 10c
- Interactive Brokers reports Q1 EPS $1.64, consensus $1.63
