Cboe Global Markets (CBOE) Price Target Cut to $120.00

Cboe Global Markets (NASDAQ:CBOE) had its price objective dropped by stock analysts at Citigroup from $125.00 to $120.00 in a report issued on Monday, The Fly reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Citigroup’s price target points to a potential upside of 9.99% from the company’s current price.

CBOE has been the subject of a number of other reports. Wells Fargo & Co restated an “outperform” rating and issued a $120.00 target price (down from $138.00) on shares of Cboe Global Markets in a research note on Monday. BidaskClub lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Goldman Sachs Group lowered Cboe Global Markets from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. lowered Cboe Global Markets from an “overweight” rating to a “neutral” rating and set a $84.00 target price for the company. in a research note on Wednesday, February 7th. Finally, Zacks Investment Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating and set a $147.00 target price for the company in a research note on Tuesday, January 9th. Nine research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Cboe Global Markets has an average rating of “Hold” and a consensus price target of $113.40.

Cboe Global Markets (CBOE) opened at $109.10 on Monday. Cboe Global Markets has a 1-year low of $77.33 and a 1-year high of $138.54. The company has a market capitalization of $12,152.46, a P/E ratio of 30.73, a PEG ratio of 1.15 and a beta of 0.46. The company has a current ratio of 1.31, a quick ratio of 1.57 and a debt-to-equity ratio of 0.40.

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

In other Cboe Global Markets news, Director Frank E. Jr. English sold 300 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $123.80, for a total value of $37,140.00. Following the sale, the director now directly owns 4,214 shares in the company, valued at $521,693.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher A. Isaacson sold 7,019 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $124.42, for a total value of $873,303.98. Following the completion of the sale, the vice president now owns 90,229 shares in the company, valued at $11,226,292.18. The disclosure for this sale can be found here. Insiders sold 12,989 shares of company stock worth $1,622,840 over the last quarter. Company insiders own 1.86% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Suntrust Banks Inc. bought a new stake in Cboe Global Markets in the fourth quarter valued at $217,000. Baird Financial Group Inc. grew its position in Cboe Global Markets by 15.8% in the fourth quarter. Baird Financial Group Inc. now owns 3,819 shares of the financial services provider’s stock valued at $476,000 after acquiring an additional 520 shares during the period. Norinchukin Bank The grew its position in Cboe Global Markets by 13.3% in the fourth quarter. Norinchukin Bank The now owns 5,688 shares of the financial services provider’s stock valued at $709,000 after acquiring an additional 669 shares during the period. Ontario Teachers Pension Plan Board grew its position in Cboe Global Markets by 42.0% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 175,155 shares of the financial services provider’s stock valued at $21,823,000 after acquiring an additional 51,837 shares during the period. Finally, American International Group Inc. grew its position in Cboe Global Markets by 12.6% in the fourth quarter. American International Group Inc. now owns 37,846 shares of the financial services provider’s stock valued at $4,715,000 after acquiring an additional 4,222 shares during the period. Hedge funds and other institutional investors 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).

The Fly

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