Cboe Global Markets (CBOE) Price Target Lowered to $108.00 at JPMorgan Chase & Co.

Cboe Global Markets (NASDAQ:CBOE) had its price objective cut by stock analysts at JPMorgan Chase & Co. from $110.00 to $108.00 in a research note issued on Tuesday, MarketBeat reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. JPMorgan Chase & Co.’s target price would suggest a potential downside of 6.09% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Barclays lowered their target price on shares of Cboe Global Markets from $127.00 to $110.00 and set an “equal weight” rating for the company in a research note on Monday. Goldman Sachs Group lowered shares of Cboe Global Markets from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 7th. BidaskClub lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Deutsche Bank lowered their target price on shares of Cboe Global Markets from $137.00 to $120.00 and set a “hold” rating for the company in a research note on Monday. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $120.00 target price (down previously from $138.00) on shares of Cboe Global Markets in a research note on Monday. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $118.64.

Cboe Global Markets (NASDAQ CBOE) traded up $2.78 during mid-day trading on Tuesday, reaching $115.00. 2,331,850 shares of the company’s stock traded hands, compared to its average volume of 1,668,095. 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 12-month low of $77.33 and a 12-month high of $138.54. The company has a market capitalization of $12,730.00, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 1.20 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, February 9th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.01). Cboe Global Markets had a net margin of 17.80% and a return on equity of 12.74%. The business had revenue of $265.60 million for the quarter, compared to the consensus estimate of $267.25 million. During the same quarter in the previous year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was up 85.7% on a year-over-year basis. equities research analysts predict that Cboe Global Markets will post 4.68 earnings per share for the current fiscal year.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Guggenheim Capital LLC boosted its holdings in shares of Cboe Global Markets by 84.3% during the fourth quarter. Guggenheim Capital LLC now owns 624,576 shares of the financial services provider’s stock valued at $77,815,000 after acquiring an additional 285,612 shares during the period. Deutsche Bank AG lifted its holdings in Cboe Global Markets by 74.8% in the fourth quarter. Deutsche Bank AG now owns 294,038 shares of the financial services provider’s stock worth $36,630,000 after purchasing an additional 125,858 shares during the period. Franklin Resources Inc. lifted its holdings in Cboe Global Markets by 39.6% in the fourth quarter. Franklin Resources Inc. now owns 508,960 shares of the financial services provider’s stock worth $63,411,000 after purchasing an additional 144,467 shares during the period. Jefferies Group LLC acquired a new stake in Cboe Global Markets in the fourth quarter worth about $2,596,000. Finally, Bamco Inc. NY lifted its holdings in Cboe Global Markets by 0.4% in the fourth quarter. Bamco Inc. NY now owns 204,890 shares of the financial services provider’s stock worth $25,527,000 after purchasing an additional 909 shares during the period. 83.54% of the stock is owned by institutional investors.

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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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