Cboe Global Markets (NASDAQ:CBOE) Given New $251.00 Price Target at Bank of America

Cboe Global Markets (NASDAQ:CBOE) had its price objective lifted by analysts at Bank of America from $245.00 to $251.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s target price indicates a potential upside of 18.86% from the stock’s current price.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods reduced their target price on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a report on Monday, January 13th. William Blair began coverage on Cboe Global Markets in a research note on Thursday, January 9th. They issued a “market perform” rating for the company. Barclays lifted their target price on Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research note on Monday. The Goldman Sachs Group lowered shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target for the company. in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $174.00 price objective (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $206.86.

Cboe Global Markets Price Performance

CBOE opened at $211.17 on Monday. Cboe Global Markets has a 1 year low of $166.13 and a 1 year high of $221.66. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock has a market cap of $22.11 billion, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 2.14 and a beta of 0.68. The business’s fifty day moving average price is $199.53.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate 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 previous year, the firm earned $2.06 EPS. As a group, equities analysts anticipate that Cboe Global Markets will post 8.64 EPS for the current year.

Institutional Trading of Cboe Global Markets

A number of institutional investors have recently modified their holdings of the business. Erste Asset Management GmbH bought a new stake in Cboe Global Markets during the 3rd quarter valued at $11,191,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cboe Global Markets in the third quarter valued at $158,000. Benjamin Edwards Inc. grew its position in shares of Cboe Global Markets by 5,967.5% in the third quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock valued at $6,203,000 after purchasing an additional 29,778 shares in the last quarter. Coastwise Capital Group LLC bought a new stake in shares of Cboe Global Markets during the 3rd quarter valued at $216,000. Finally, Harmony Asset Management LLC purchased a new stake in Cboe Global Markets during the 3rd quarter worth about $15,175,000. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

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.