Oppenheimer Boosts Cboe Global Markets (BATS:CBOE) Price Target to $206.00

Cboe Global Markets (BATS:CBOEGet Free Report) had its price objective raised by analysts at Oppenheimer from $201.00 to $206.00 in a report released on Monday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 12.70% from the stock’s previous close.

Other analysts have also issued research reports about the company. Argus lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Barclays dropped their target price on Cboe Global Markets from $204.00 to $200.00 and set an “overweight” rating on the stock in a report on Monday. Piper Sandler upped their target price on Cboe Global Markets from $177.00 to $193.00 and gave the stock an “overweight” rating in a report on Tuesday, November 21st. Citigroup upped their price objective on Cboe Global Markets from $170.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. Finally, Deutsche Bank Aktiengesellschaft lowered Cboe Global Markets from a “buy” rating to a “hold” rating and set a $168.00 price objective on the stock. in a research note on Wednesday, October 11th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.78.

Check Out Our Latest Analysis on CBOE

Cboe Global Markets Stock Down 1.1 %

CBOE stock opened at $182.78 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $19.39 billion, a P/E ratio of 94.22 and a beta of 0.61. The business has a 50-day moving average of $179.67 and a 200-day moving average of $165.13. Cboe Global Markets has a fifty-two week low of $103.82 and a fifty-two week high of $139.00.

Cboe Global Markets (BATS:CBOEGet Free Report) last released its earnings results on Friday, February 2nd. The company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.02. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $499.00 million for the quarter, compared to analyst estimates of $510.65 million. During the same quarter in the prior year, the company posted $1.80 earnings per share. Cboe Global Markets’s revenue was up 9.2% on a year-over-year basis. On average, sell-side analysts anticipate that Cboe Global Markets will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets declared that its Board of Directors has authorized a share buyback program on Thursday, October 26th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to buy up to 1.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 1,300 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $179.62, for a total transaction of $233,506.00. Following the sale, the executive vice president now owns 4,214 shares of the company’s stock, valued at $756,918.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.51% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cboe Global Markets

Large investors have recently added to or reduced their stakes in the stock. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Cboe Global Markets during the fourth quarter worth approximately $30,000. Allworth Financial LP grew its position in Cboe Global Markets by 75.3% during the fourth quarter. Allworth Financial LP now owns 170 shares of the company’s stock worth $30,000 after buying an additional 73 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of Cboe Global Markets in the 4th quarter valued at $31,000. BKM Wealth Management LLC acquired a new stake in shares of Cboe Global Markets in the 4th quarter valued at $33,000. Finally, NBC Securities Inc. acquired a new stake in shares of Cboe Global Markets in the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

About Cboe Global Markets

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Cboe Global Markets (BATS:CBOE)

Receive News & Ratings for Cboe Global Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cboe Global Markets and related companies with MarketBeat.com's FREE daily email newsletter.