Cboe Global Markets (NASDAQ:CBOE) Reaches New 1-Year High – Here’s Why

Cboe Global Markets, Inc. (NASDAQ:CBOE)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $262.98 and last traded at $260.88, with a volume of 666928 shares changing hands. The stock had previously closed at $259.25.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Morgan Stanley reaffirmed an “underweight” rating and set a $221.00 target price on shares of Cboe Global Markets in a research note on Wednesday, October 1st. UBS Group upped their price objective on Cboe Global Markets from $255.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Oppenheimer set a $265.00 price target on shares of Cboe Global Markets and gave the stock an “outperform” rating in a report on Monday, August 4th. Loop Capital set a $287.00 price objective on shares of Cboe Global Markets in a report on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and an average price target of $243.38.

Cboe Global Markets Stock Performance

The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average price of $240.99 and a 200 day moving average price of $236.17. The stock has a market cap of $27.30 billion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 1.75 and a beta of 0.42.

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

Hedge Funds Weigh In On Cboe Global Markets

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Cboe Global Markets by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 12,833,038 shares of the company’s stock valued at $2,992,793,000 after acquiring an additional 195,086 shares in the last quarter. Alliancebernstein L.P. raised its position 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 acquiring an additional 390,034 shares in the last quarter. State Street Corp lifted its stake in shares of Cboe Global Markets by 1.7% during the 2nd quarter. State Street Corp now owns 4,895,467 shares of the company’s stock worth $1,141,672,000 after purchasing an additional 81,432 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Cboe Global Markets by 1.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,069,233 shares of the company’s stock valued at $920,827,000 after purchasing an additional 54,054 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Cboe Global Markets by 1.8% in the second quarter. Geode Capital Management LLC now owns 2,855,971 shares of the company’s stock valued at $664,186,000 after purchasing an additional 51,873 shares during the last quarter. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.