Cboe Global Markets (CBOE) Price Target Cut to $123.00

Cboe Global Markets (NASDAQ:CBOE) had its target price cut by research analysts at Bank of America from $139.00 to $123.00 in a note issued to investors on Monday. The firm presently has a “buy” rating on the financial services provider’s stock. Bank of America’s price objective would indicate a potential upside of 14.84% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Zacks Investment Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating and set a $147.00 price target on the stock in a report on Tuesday, January 9th. Citigroup boosted their price target on Cboe Global Markets from $93.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Deutsche Bank boosted their price target on Cboe Global Markets from $106.00 to $108.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. BidaskClub raised Cboe Global Markets from a “hold” rating to a “buy” rating in a report on Friday, January 26th. Finally, Wells Fargo & Co boosted their price target on Cboe Global Markets from $4.75 to $138.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $115.40.

Cboe Global Markets (CBOE) traded down $4.04 during midday trading on Monday, reaching $107.11. The company 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. Cboe Global Markets has a one year low of $77.33 and a one year high of $138.54. The stock has a market cap of $12,152.46, a PE ratio of 30.17, a PEG ratio of 1.15 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, February 9th. The financial services provider reported $0.87 EPS for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $267.25 million. During the same period in the prior year, the firm posted $0.63 earnings per share. The firm’s revenue for the quarter was up 85.7% on a year-over-year basis. sell-side analysts predict that Cboe Global Markets will post 4.73 earnings per share for the current fiscal year.

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

A number of large investors have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. purchased a new stake in Cboe Global Markets during the 4th quarter valued at $217,000. Baird Financial Group Inc. raised its holdings in Cboe Global Markets by 15.8% during the 4th quarter. Baird Financial Group Inc. now owns 3,819 shares of the financial services provider’s stock valued at $476,000 after buying an additional 520 shares during the period. Norinchukin Bank The raised its holdings in Cboe Global Markets by 13.3% during the 4th quarter. Norinchukin Bank The now owns 5,688 shares of the financial services provider’s stock valued at $709,000 after buying an additional 669 shares during the period. Ontario Teachers Pension Plan Board raised its holdings in Cboe Global Markets by 42.0% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 175,155 shares of the financial services provider’s stock valued at $21,823,000 after buying an additional 51,837 shares during the period. Finally, American International Group Inc. raised its holdings in Cboe Global Markets by 12.6% during the 4th quarter. American International Group Inc. now owns 37,846 shares of the financial services provider’s stock valued at $4,715,000 after buying an additional 4,222 shares during the period. Institutional investors own 83.54% of the company’s stock.

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About Cboe Global Markets

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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