Cboe Global Markets (BATS:CBOE) Hits New 12-Month High – Should You Buy?

Cboe Global Markets, Inc. (BATS:CBOE) reached a new 52-week high during trading on Monday . The company traded as high as $194.36 and last traded at $214.24, with a volume of 1780143 shares changing hands. The stock had previously closed at $193.37.

Analyst Ratings Changes

CBOE has been the subject of a number of analyst reports. Morgan Stanley lowered Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price for the company. in a report on Wednesday, November 6th. Oppenheimer raised their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Barclays reduced their target price on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $212.00 to $222.00 in a research report on Monday, November 11th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $220.00 target price on shares of Cboe Global Markets in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $211.36.

Cboe Global Markets Stock Up 9.1 %

The company has a market cap of $22.37 billion, a PE ratio of 108.89 and a beta of 0.61. The business has a 50-day simple moving average of $199.72 and a 200-day simple moving average of $204.05. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.03). Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Institutional Investors Weigh In On Cboe Global Markets

A number of large investors have recently made changes to their positions in the stock. Friedenthal Financial acquired a new position in Cboe Global Markets in the 3rd quarter valued at about $49,000. Brooklyn Investment Group purchased a new stake in shares of Cboe Global Markets during the 3rd quarter valued at approximately $66,000. Intact Investment Management Inc. acquired a new position in Cboe Global Markets in the third quarter valued at approximately $74,000. Washington Trust Advisors Inc. purchased a new position in Cboe Global Markets in the third quarter worth approximately $144,000. Finally, Farther Finance Advisors LLC increased its stake in Cboe Global Markets by 11.6% during the third quarter. Farther Finance Advisors LLC now owns 777 shares of the company’s stock worth $159,000 after acquiring an additional 81 shares during the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.