Barclays Issues Positive Forecast for Cboe Global Markets (NASDAQ:CBOE) Stock Price

Key Points

• Barclays raised its price target for Cboe Global Markets from $256.00 to $264.00, indicating a potential upside of 10.28% from the current stock price.
• Other analysts have also increased their price targets, with Citigroup setting theirs at $245.00 and Piper Sandler at $265.00, while the consensus rating remains at "Reduce" with an average target price of $235.08.
• Cboe Global Markets reported a quarterly earnings per share of $2.46, exceeding estimates, and showed a revenue increase of 14.3% compared to the previous year.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) had its price objective boosted by investment analysts at Barclays from $256.00 to $264.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price target would suggest a potential upside of 10.28% from the stock's current price.

Other equities analysts have also issued research reports about the stock. Citigroup lifted their price target on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Loop Capital set a $264.00 target price on shares of Cboe Global Markets in a report on Wednesday. Royal Bank Of Canada restated a "sector perform" rating and issued a $254.00 target price on shares of Cboe Global Markets in a report on Monday, August 4th. Keefe, Bruyette & Woods boosted their target price on shares of Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a report on Monday, August 4th. Finally, Piper Sandler boosted their target price on shares of Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $235.08.

Cboe Global Markets Trading Down 0.6%

Shares of NASDAQ:CBOE traded down $1.52 during mid-day trading on Wednesday, reaching $239.38. 96,129 shares of the company's stock were exchanged, compared to its average volume of 868,216. The firm has a market capitalization of $25.04 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 1.75 and a beta of 0.44. The business's fifty day moving average price is $241.47 and its 200-day moving average price is $230.91. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets has a twelve month low of $187.30 and a twelve month high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $2.46 EPS for the quarter, topping analysts' consensus estimates of $2.43 by $0.03. 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 14.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.15 EPS. On average, research analysts predict that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Cboe Global Markets

Several institutional investors have recently made changes to their positions in CBOE. Brighton Jones LLC raised its holdings in shares of Cboe Global Markets by 10.1% during the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock valued at $213,000 after purchasing an additional 100 shares during the period. NBC Securities Inc. acquired a new position in shares of Cboe Global Markets during the first quarter valued at about $27,000. Merit Financial Group LLC bought a new stake in shares of Cboe Global Markets during the first quarter worth about $426,000. Wedmont Private Capital increased its position in shares of Cboe Global Markets by 4.1% during the first quarter. Wedmont Private Capital now owns 2,309 shares of the company's stock worth $497,000 after acquiring an additional 92 shares in the last quarter. Finally, OLD National Bancorp IN bought a new stake in shares of Cboe Global Markets during the first quarter worth about $247,000. Institutional investors and hedge funds 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.

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