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

Key Points

• Barclays has raised its price target for Cboe Global Markets from $243.00 to $256.00, maintaining an "equal weight" rating, indicating a potential upside of 3.00% from the current stock price.
• Despite the positive outlook from Barclays, the company has mixed ratings overall; three analysts rate it as a sell and nine as a hold, with an average price target of $225.50.
• Cboe Global Markets reported a Q2 earnings per share of $2.46, exceeding analysts' expectations and reflecting a 14.3% year-over-year revenue increase.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) had its price objective hoisted by equities research analysts at Barclays from $243.00 to $256.00 in a report released on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price target would suggest a potential upside of 1.50% from the company's previous close.

Several other analysts have also recently commented on the company. Loop Capital set a $227.00 price target on Cboe Global Markets in a report on Monday, May 5th. Citigroup increased their target price on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Piper Sandler boosted their price objective on shares of Cboe Global Markets from $245.00 to $250.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Cowen reissued a "hold" rating on shares of Cboe Global Markets in a research report on Monday, May 5th. Finally, Morgan Stanley set a $218.00 price objective on Cboe Global Markets and gave the company an "underweight" rating in a research note on Tuesday, July 15th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $231.38.

Cboe Global Markets Price Performance

NASDAQ:CBOE traded up $2.72 during trading hours on Monday, hitting $252.22. The company's stock had a trading volume of 49,313 shares, compared to its average volume of 872,496. The company has a market capitalization of $26.38 billion, a PE ratio of 34.93, a PEG ratio of 1.75 and a beta of 0.46. Cboe Global Markets has a 52-week low of $187.30 and a 52-week high of $252.31. The business's 50-day moving average is $233.59 and its two-hundred day moving average is $221.46. 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 (NASDAQ:CBOE - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. Cboe Global Markets's revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.15 earnings per share. As a group, research analysts anticipate that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total value of $815,234.84. Following the completion of the sale, the executive vice president directly owned 2,183 shares in the company, valued at $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is currently owned by insiders.

Institutional Trading of Cboe Global Markets

Large investors have recently made changes to their positions in the stock. Apollon Wealth Management LLC grew its position in shares of Cboe Global Markets by 3.7% in the second quarter. Apollon Wealth Management LLC now owns 1,262 shares of the company's stock valued at $294,000 after purchasing an additional 45 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Cboe Global Markets by 0.9% in the 1st quarter. Ritholtz Wealth Management now owns 5,592 shares of the company's stock valued at $1,265,000 after purchasing an additional 48 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in Cboe Global Markets by 1.3% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,864 shares of the company's stock worth $874,000 after acquiring an additional 48 shares in the last quarter. Pekin Hardy Strauss Inc. increased its position in shares of Cboe Global Markets by 0.5% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 10,765 shares of the company's stock worth $2,436,000 after purchasing an additional 49 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Cboe Global Markets by 9.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the company's stock valued at $129,000 after acquiring an additional 49 shares during the last quarter. Institutional investors 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.