JPMorgan Chase & Co. Increases CBOE Holdings Price Target to $48.00 (CBOE)
Equities researchers at JPMorgan Chase & Co. lifted their target price on shares of CBOE Holdings (NASDAQ:CBOE) from $41.50 to $48.00 in a research report issued on Wednesday, AmericanBankingNews.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential downside of 5.21% from the company’s current price.
Shares of CBOE Holdings (NASDAQ:CBOE) opened at 50.64 on Wednesday. CBOE Holdings has a 1-year low of $28.23 and a 1-year high of $51.12. The stock’s 50-day moving average is $47.76 and its 200-day moving average is $42.14. The company has a market cap of $4.441 billion and a P/E ratio of 25.55.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $150.80 million for the quarter, compared to the consensus estimate of $148.88 million. During the same quarter last year, the company posted $0.44 earnings per share. CBOE Holdings’s revenue was up 13.7% compared to the same quarter last year. On average, analysts predict that CBOE Holdings will post $1.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 20th. Investors of record on Friday, November 29th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, November 26th.
Several other analysts have also recently commented on the stock. Analysts at UBS AG upgraded shares of CBOE Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Friday, October 18th. They now have a $56.00 price target on the stock, up previously from $45.00. They noted that the move was a valuation call. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of CBOE Holdings in a research note to investors on Wednesday, October 16th. They now have a $51.00 price target on the stock. Finally, analysts at Compass Point cut their price target on shares of CBOE Holdings from $50.00 to $45.00 in a research note to investors on Wednesday, October 16th. They now have a “neutral” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $44.91.
CBOE Holdings, Inc (NASDAQ:CBOE) is the holding company.
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