CBOE Holdings Rating Increased to Outperform at Raymond James (CBOE)
CBOE Holdings (NASDAQ:CBOE) was upgraded by research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a report released on Monday, TheFlyOnTheWall.com reports. The firm currently has a $60.00 price target on the stock. Raymond James’ target price would suggest a potential upside of 17.51% from the company’s previous close.
In other CBOE Holdings news, CEO Edward T. Tilly unloaded 6,250 shares of CBOE Holdings stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $52.00, for a total value of $325,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of CBOE Holdings (NASDAQ:CBOE) opened at 51.06 on Monday. CBOE Holdings has a 52 week low of $44.44 and a 52 week high of $59.28. The stock has a 50-day moving average of $49.26 and a 200-day moving average of $51.67. The company has a market cap of $4.351 billion and a price-to-earnings ratio of 24.90.
CBOE Holdings (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.02. The company had revenue of $143.90 million for the quarter, compared to the consensus estimate of $146.24 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, analysts predict that CBOE Holdings will post $2.15 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Investors of record on Friday, August 29th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, August 27th. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.18.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of CBOE Holdings from a “neutral” rating to an “underperform” rating in a research note on Friday, August 8th. They now have a $46.00 price target on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of CBOE Holdings in a research note on Monday, August 4th. They now have a $48.00 price target on the stock, down previously from $49.00. Finally, analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of CBOE Holdings in a research note on Tuesday, July 8th. They now have a $48.50 price target on the stock, down previously from $49.00. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $51.14.
CBOE Holdings, Inc (NASDAQ:CBOE) is the holding company.
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