Last Updated: 10 Nov 2024
Executive Summary
Interactive Brokers Group Inc. (IBKR) is a leading global automated electronic broker with a strong financial performance and a promising outlook. The company's latest stock price of $169.74 is close to its analyst target price of $169.78, indicating that it is fairly valued. IBKR has a strong buy rating from analysts, with 5 analysts recommending a buy and 4 recommending a strong buy.
Company Overview
Interactive Brokers Group, Inc. is headquartered in Greenwich, Connecticut, and provides electronic trading platforms and brokerage services to individual and institutional clients worldwide. The company offers a wide range of products and services, including stock trading, options trading, futures trading, forex trading, and mutual funds. IBKR is known for its low commissions, advanced trading tools, and global reach.
Fundamental Analysis
IBKR has a strong financial performance. The company's revenue for the latest twelve months (TTM) was $4.94 billion, with a gross profit of $2.81 billion. The company's diluted EPS for the TTM was $6.53. IBKR has a trailing PE ratio of 25.99 and a forward PE ratio of 25.58. The company's price-to-sales ratio is 14.51, and its price-to-book ratio is 4.378.
Technical Analysis
The technical analysis of IBKR's stock price shows that the stock is currently trading above its 50-day and 200-day moving averages. The stock has been in an uptrend since March 2023 and has recently broken out of a consolidation pattern. The stock's relative strength index (RSI) is currently at 65, which indicates that the stock is overbought but still has room to run.
Short Term Outlook
The short-term outlook for IBKR is positive. The stock is trading above its key moving averages and has recently broken out of a consolidation pattern. The RSI is also indicating that the stock is overbought but still has room to run. In the short term, IBKR's stock price could continue to rise towards its analyst target price of $169.78.
Long Term Outlook
The long-term outlook for IBKR is also positive. The company has a strong financial performance and is well-positioned to benefit from the growing demand for electronic trading. IBKR's global reach and wide range of products and services make it a compelling choice for investors seeking exposure to the financial services sector. In the long term, IBKR's stock price could continue to rise as the company continues to grow its business.
Analyst Recommendations
Analysts have a strong buy rating on IBKR. The average analyst target price for the stock is $169.78, which is close to the current stock price. Four analysts recommend a strong buy, and five analysts recommend a buy. Only one analyst recommends a hold, and there are no sell or strong sell recommendations.
