Cboe Global Markets (NASDAQ:CBOE) Price Target Raised to $281.00

Cboe Global Markets (NASDAQ:CBOE) had its price objective raised by TD Cowen from $274.00 to $281.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s target price would suggest a potential upside of 5.61% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Loop Capital set a $281.00 target price on Cboe Global Markets in a research note on Wednesday. Barclays lowered their price target on shares of Cboe Global Markets from $302.00 to $295.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, November 3rd. Finally, Citigroup lifted their target price on Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $268.36.

Cboe Global Markets Trading Down 0.3%

Cboe Global Markets stock traded down $0.69 during midday trading on Wednesday, reaching $266.08. The stock had a trading volume of 154,385 shares, compared to its average volume of 861,061. The company has a fifty day moving average of $254.85 and a 200 day moving average of $245.20. The firm has a market cap of $27.84 billion, a price-to-earnings ratio of 36.85, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets has a 52-week low of $187.30 and a 52-week high of $267.94.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, October 31st. The company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same quarter in the previous year, the firm posted $2.22 EPS. Cboe Global Markets’s revenue was up 13.8% compared to the same quarter last year. On average, analysts anticipate that Cboe Global Markets will post 8.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Cboe Global Markets in the second quarter worth about $324,234,000. First Trust Advisors LP raised its holdings in shares of Cboe Global Markets by 215.2% in the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after purchasing an additional 991,209 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of Cboe Global Markets by 1,340.0% during the 3rd quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock valued at $183,854,000 after purchasing an additional 697,600 shares during the period. Marshall Wace LLP bought a new stake in shares of Cboe Global Markets during the 3rd quarter valued at about $107,052,000. Finally, Alliancebernstein L.P. boosted its holdings in shares of Cboe Global Markets by 4.1% in the 2nd quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock worth $2,298,185,000 after purchasing an additional 390,034 shares in the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Company Profile

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.