StockNews.com Upgrades Cboe Global Markets (NASDAQ:CBOE) to Hold

Cboe Global Markets (NASDAQ:CBOE) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Other analysts have also recently issued research reports about the stock. William Blair began coverage on shares of Cboe Global Markets in a research note on Thursday, January 9th. They set a “market perform” rating on the stock. Oppenheimer decreased their target price on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Barclays boosted their target price on shares of Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research note on Monday. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $174.00 price target (down previously from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $206.86.

Cboe Global Markets Price Performance

NASDAQ:CBOE traded down $1.71 during mid-day trading on Tuesday, reaching $208.00. The stock had a trading volume of 1,001,364 shares, compared to its average volume of 774,043. The business has a 50-day simple moving average of $199.40. The stock has a market capitalization of $21.77 billion, a PE ratio of 28.34, a PEG ratio of 2.14 and a beta of 0.68. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets has a 12 month low of $166.13 and a 12 month high of $221.66.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.33% and a net margin of 19.65%. During the same quarter in the prior year, the firm posted $2.06 EPS. Equities analysts expect that Cboe Global Markets will post 8.64 EPS for the current year.

Hedge Funds Weigh In On Cboe Global Markets

Several hedge funds and other institutional investors have recently bought and sold shares of CBOE. Lee Danner & Bass Inc. acquired a new position in Cboe Global Markets in the fourth quarter valued at $29,000. Kestra Investment Management LLC acquired a new position in Cboe Global Markets in the fourth quarter valued at $31,000. Sugar Maple Asset Management LLC acquired a new position in Cboe Global Markets in the fourth quarter valued at $36,000. Generali Asset Management SPA SGR acquired a new position in Cboe Global Markets in the fourth quarter valued at $37,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Cboe Global Markets in the fourth quarter valued at $39,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

About Cboe Global Markets

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.