CBOE Holdings Receives Neutral Rating from Bank of America (CBOE)
CBOE Holdings (NASDAQ:CBOE)‘s stock had its “neutral” rating restated by investment analysts at Bank of America in a note issued to investors on Monday, AmericanBankingNews.com reports. They currently have a $55.00 price target on the stock, up from their previous price target of $54.00. Bank of America’s price target points to a potential upside of 2.96% from the company’s current price.
The analysts wrote, “CBOE reported operating EPS of $0.52, beating expectations primarily due to a lower tax rate and slightly lower expenses, partially offset by slightly lower revenues. Overall, it was a good quarter, and while recent volumes have picked up and growth in proprietary products has been strong, given its valuation, recent spikes in volatility have not held up, strong competition in multiply listed products, and some regulatory uncertainty, we remain at Neutral.”
CBOE Holdings (NASDAQ:CBOE) traded up 1.52% on Monday, hitting $54.23. 287,317 shares of the company’s stock traded hands. CBOE Holdings has a 52-week low of $34.17 and a 52-week high of $54.79. The stock has a 50-day moving average of $50.87 and a 200-day moving average of $49.31. The company has a market cap of $4.706 billion and a P/E ratio of 26.84.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.04. The company had revenue of $141.80 million for the quarter, compared to the consensus estimate of $142.11 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts predict that CBOE Holdings will post $2.26 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 21st. Investors of record on Friday, February 28th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Wednesday, February 26th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their price target on shares of CBOE Holdings from $42.00 to $48.00 in a research note to investors on Friday. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $48.44.
CBOE Holdings, Inc (NASDAQ:CBOE) is the holding company.
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