CBOE Holdings Given New $49.00 Price Target at Credit Suisse (CBOE)
Equities research analysts at Credit Suisse hoisted their price objective on shares of CBOE Holdings (NASDAQ:CBOE) from $48.00 to $49.00 in a research note issued to investors on Wednesday. The firm currently has an “underperform” rating on the stock. Credit Suisse’s price target indicates a potential downside of 8.24% from the company’s current price.
CBOE has been the subject of a number of other recent research reports. Analysts at Raymond James upgraded shares of CBOE Holdings from a “market perform” rating to an “outperform” rating in a research note on Monday, August 25th. They now have a $60.00 price target on the stock, up previously from $51.06. Separately, 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. 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 investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $51.23.
CBOE Holdings (NASDAQ:CBOE) opened at 53.40 on Wednesday. CBOE Holdings has a 52-week low of $44.44 and a 52-week high of $59.28. The stock’s 50-day moving average is $50.24 and its 200-day moving average is $51.59. The company has a market cap of $4.550 billion and a P/E ratio of 25.88.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings results 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 $2.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Shareholders 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 1.57%. The ex-dividend date of this dividend is Wednesday, August 27th. This is a positive change from CBOE Holdings’s previous quarterly dividend of $0.18.
CBOE Holdings, Inc (NASDAQ:CBOE) is the holding company.
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