CBOE Holdings Upgraded to Outperform at Macquarie (CBOE)
CBOE Holdings (NASDAQ:CBOE) was upgraded by investment analysts at Macquarie from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $57.00 target price on the stock, up from their previous target price of $46.00. Macquarie’s price target suggests a potential upside of 14.90% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of CBOE Holdings from $41.50 to $48.00 in a research note to investors on Wednesday, October 23rd. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. Twelve analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $46.11.
Shares of CBOE Holdings (NASDAQ:CBOE) traded up 1.76% during mid-day trading on Tuesday, hitting $50.485. 323,510 shares of the company’s stock traded hands. CBOE Holdings has a 52 week low of $28.23 and a 52 week high of $51.12. The stock has a 50-day moving average of $47.76 and a 200-day moving average of $42.14. The company has a market cap of $4.428 billion and a price-to-earnings ratio of 25.21.
CBOE Holdings (NASDAQ:CBOE) last released its earnings data on Friday, August 2nd. The company reported $0.54 earnings per share for the quarter, beating the analysts’ 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 announced a quarterly dividend, which is scheduled for Friday, December 20th. Investors of record on Friday, November 29th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Tuesday, November 26th.
CBOE Holdings, Inc (NASDAQ:CBOE) is the holding company.
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