CBOE Holdings (NASDAQ: CBOE) has recently received a number of price target changes and ratings updates:

  • 9/16/2016 – CBOE Holdings was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CBOE Holdings is engaged in the expansion of its proprietary product offering, while extending its global customer reach. The company’s diversified product portfolio and core competencies fuel growth prospects. Absence of long-term debt limits, and balance sheet risks have been facilitating the company’s effective capital deployment along with its strong capital position. With respect to expanding its operations, the company has opened its first international business development office in London. However, the company’s exposure to industry volatility and sluggish credit quality amid intense competition and challenging regulations remain concerns. Recently CBOE announced its August results where average daily volume declined 31% to 4.1 million despite trading days being two days more from year ago period. The Zacks Consensus Estimate has also been witnessing downward revisions over the last 60 days as most estimates moved south.”
  • 9/9/2016 – CBOE Holdings had its price target raised by analysts at Deutsche Bank AG from $67.00 to $68.00. They now have a “hold” rating on the stock.
  • 9/7/2016 – CBOE Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CBOE Holdings’ exposure to industry volatility and sluggish credit quality amid intense competition and challenging regulations remain concerns. Recently CBOE announced its August results where average daily volume declined 31% to 4.1 million despite trading days being two days more from year ago period. The Zacks Consensus Estimate has also been witnessing downward revisions over the las 60 days as most estimates moved south. Nonetheless, CBOE is engaged in the expansion of its proprietary product offering, while extending its global customer reach. The company’s diversified product portfolio and core competencies fuel growth prospects. Absence of long-term debt limits, and balance sheet risks have been facilitating the company’s effective capital deployment along with its strong capital position. With respect to expanding its operations, the company has opened its first international business development office in London.”
  • 9/2/2016 – CBOE Holdings had its “underweight” rating reaffirmed by analysts at Barclays PLC. They now have a $52.00 price target on the stock, down previously from $54.00. They wrote, “We saw a decline in total RPC trends for the three months ended July ($0.401 vs. $0.405), primarily driven by equity and ETP options pricing. Our overall 3Q16 RPC estimate moves to $0.387 from $0.394,”
  • 8/11/2016 – CBOE Holdings was downgraded by analysts at Bank of America Corp. from a “neutral” rating to an “underperform” rating. They now have a $65.00 price target on the stock, down previously from $68.29. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/9/2016 – CBOE Holdings had its price target raised by analysts at Barclays PLC from $53.00 to $54.00. They now have an “underweight” rating on the stock.
  • 8/3/2016 – CBOE Holdings had its “hold” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $61.00 price target on the stock.
  • 8/1/2016 – CBOE Holdings was given a new $53.00 price target on by analysts at Barclays PLC. They now have a “sell” rating on the stock.

Shares of CBOE Holdings Inc. (NASDAQ:CBOE) traded down 0.63% during mid-day trading on Wednesday, reaching $69.18. The company had a trading volume of 211,427 shares. The company has a market capitalization of $5.62 billion, a PE ratio of 26.16 and a beta of 0.54. CBOE Holdings Inc. has a 1-year low of $58.43 and a 1-year high of $72.53. The stock’s 50-day moving average price is $68.49 and its 200 day moving average price is $65.94.

CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The company earned $163.30 million during the quarter, compared to the consensus estimate of $159.22 million. During the same period in the previous year, the company posted $0.54 earnings per share. CBOE Holdings’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts expect that CBOE Holdings Inc. will post $2.40 EPS for the current year.

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The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Wednesday, August 31st. CBOE Holdings’s payout ratio is presently 37.88%.

In other CBOE Holdings news, CEO Edward T. Tilly sold 6,250 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $67.86, for a total value of $424,125.00. Following the completion of the transaction, the chief executive officer now directly owns 73,611 shares of the company’s stock, valued at $4,995,242.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.96% of the stock is owned by company insiders.

CBOE Holdings, Inc is a holding company. The Company’s principal business is operating markets that offer for trading options on various market indexes (index options), on an exclusive basis and futures contracts, as well as on non-exclusive multiply listed options, such as options on the stocks of individual corporations (equity options), and options on other exchange-traded products (ETP options), such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options).

5 Day Chart for NASDAQ:CBOE

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