JPMorgan Chase & Co. Reiterates “Neutral” Rating for CBOE Holdings (CBOE)
CBOE Holdings (NASDAQ:CBOE)‘s stock had its “neutral” rating reiterated by JPMorgan Chase & Co. in a research note issued on Tuesday. They currently have a $49.00 price objective on the stock, down from their previous price objective of $52.50. JPMorgan Chase & Co.’s price target points to a potential upside of 0.68% from the company’s current price.
Shares of CBOE Holdings (NASDAQ:CBOE) traded down 2.12% during mid-day trading on Tuesday, hitting $47.64. 693,527 shares of the company’s stock traded hands. CBOE Holdings has a 52-week low of $41.08 and a 52-week high of $59.28. The stock’s 50-day moving average is $50.74 and its 200-day moving average is $52.49. The company has a market cap of $4.096 billion and a price-to-earnings ratio of 23.51.
CBOE Holdings (NASDAQ:CBOE) last announced its earnings results on Tuesday, May 6th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.02. The company had revenue of $157.90 million for the quarter, compared to the consensus estimate of $156.33 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. On average, analysts predict that CBOE Holdings will post $2.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 20th. Investors of record on Friday, May 30th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Wednesday, May 28th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “underperform” rating on shares of CBOE Holdings in a research note on Tuesday, June 3rd. They now have a $49.00 price target on the stock, down previously from $50.00. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of CBOE Holdings in a research note on Tuesday, June 3rd. They now have a $46.00 price target on the stock, down previously from $48.00. Finally, analysts at Citigroup Inc. reiterated an “equal weight” rating on shares of CBOE Holdings in a research note on Wednesday, May 7th. They now have a $48.00 price target on the stock, down previously from $49.00. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $51.38.
CBOE Holdings, Inc (NASDAQ:CBOE) is the holding company.
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