Cboe Global Markets (CBOE) Price Target Cut to $110.00

Cboe Global Markets (NASDAQ:CBOE) had its target price cut by Barclays from $127.00 to $110.00 in a research report issued on Monday. The firm presently has an “equal weight” rating on the financial services provider’s stock. Barclays’ price objective would suggest a potential upside of 2.70% from the company’s current price.

Other equities analysts have also issued research reports about the company. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $120.00 price target (down previously from $138.00) on shares of Cboe Global Markets in a research report on Monday. Citigroup lowered their price target on Cboe Global Markets from $125.00 to $120.00 and set a “neutral” rating for the company in a research report on Monday. Deutsche Bank lowered their price target on Cboe Global Markets from $137.00 to $120.00 and set a “hold” rating for the company in a research report on Monday. Rosenblatt Securities raised Cboe Global Markets from a “neutral” rating to a “buy” rating in a research report on Monday. Finally, Bank of America decreased their target price on Cboe Global Markets from $139.00 to $123.00 and set a “buy” rating for the company in a research report on Monday. Nine analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $115.40.

Cboe Global Markets (CBOE) traded down $4.04 on Monday, hitting $107.11. The stock had a trading volume of 7,012,900 shares, compared to its average volume of 1,587,764. The company has a current ratio of 1.31, a quick ratio of 1.57 and a debt-to-equity ratio of 0.40. The stock has a market cap of $12,152.46, a price-to-earnings ratio of 30.17, a PEG ratio of 1.15 and a beta of 0.46. Cboe Global Markets has a 12-month low of $77.33 and a 12-month high of $138.54.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, February 9th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.01). The company had revenue of $265.60 million during the quarter, compared to analysts’ expectations of $267.25 million. Cboe Global Markets had a return on equity of 12.74% and a net margin of 17.80%. Cboe Global Markets’s revenue for the quarter was up 85.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 EPS. equities analysts anticipate that Cboe Global Markets will post 4.73 EPS for the current fiscal year.

In other Cboe Global Markets news, VP Christopher A. Isaacson sold 7,019 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $124.42, for a total transaction of $873,303.98. Following the completion of the sale, the vice president now directly owns 90,229 shares in the company, valued at approximately $11,226,292.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher Mitchell sold 670 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $120.89, for a total value of $80,996.30. Following the sale, the director now owns 8,808 shares of the company’s stock, valued at $1,064,799.12. The disclosure for this sale can be found here. In the last three months, insiders sold 12,989 shares of company stock valued at $1,622,840. 1.86% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Cboe Global Markets by 10.8% during the 4th quarter. BlackRock Inc. now owns 8,088,983 shares of the financial services provider’s stock valued at $1,007,804,000 after purchasing an additional 786,423 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of Cboe Global Markets by 2.2% during the 3rd quarter. Artisan Partners Limited Partnership now owns 2,318,655 shares of the financial services provider’s stock valued at $249,557,000 after purchasing an additional 50,004 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Cboe Global Markets by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,597,647 shares of the financial services provider’s stock valued at $199,050,000 after purchasing an additional 87,229 shares during the period. Wells Fargo & Company MN grew its stake in shares of Cboe Global Markets by 10.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,520,349 shares of the financial services provider’s stock valued at $163,635,000 after purchasing an additional 142,667 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Cboe Global Markets by 1.2% during the 3rd quarter. American Century Companies Inc. now owns 1,273,313 shares of the financial services provider’s stock valued at $137,047,000 after purchasing an additional 14,955 shares during the period. Institutional investors and hedge funds own 83.54% of the company’s stock.

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Cboe Global Markets Company Profile

Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).

Analyst Recommendations for Cboe Global Markets (NASDAQ:CBOE)

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