Cboe Global Markets (NASDAQ:CBOE) Price Target Raised to $255.00

Key Points

• UBS Group has raised the price target for Cboe Global Markets (NASDAQ:CBOE) from $245.00 to $255.00, suggesting a potential upside of 2.91% from the previous close.
• Other research firms, including Oppenheimer and Morgan Stanley, have varied price targets, with Oppenheimer setting it at $265.00 and Morgan Stanley at $218.00, indicating diverse analyst opinions on the stock.
• Cboe Global Markets reported a 14.3% year-over-year revenue growth and surpassed earnings expectations for the last quarter, with an EPS of $2.46 compared to a consensus estimate of $2.43.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) had its price objective boosted by analysts at UBS Group from $245.00 to $255.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's target price would suggest a potential upside of 2.91% from the company's previous close.

Several other research firms have also recently weighed in on CBOE. Oppenheimer increased their price objective on Cboe Global Markets from $253.00 to $265.00 and gave the stock an "outperform" rating in a research report on Monday. Morgan Stanley set a $218.00 price target on Cboe Global Markets and gave the stock an "underweight" rating in a research report on Tuesday, July 15th. Cowen restated a "hold" rating on shares of Cboe Global Markets in a research report on Monday, May 5th. Loop Capital set a $227.00 price target on Cboe Global Markets in a research report on Monday, May 5th. Finally, Bank of America restated a "neutral" rating and issued a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Cboe Global Markets has a consensus rating of "Hold" and an average target price of $224.42.

Cboe Global Markets Trading Up 2.8%

NASDAQ:CBOE opened at $247.79 on Monday. The company has a market cap of $25.95 billion, a P/E ratio of 34.32, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets has a twelve month low of $186.10 and a twelve month high of $249.63. The business has a 50 day moving average price of $231.96 and a two-hundred day moving average price of $220.31.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period in the prior year, the firm posted $2.15 earnings per share. The company's revenue was up 14.3% on a year-over-year basis. As a group, analysts expect that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Insider Buying and Selling at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 3,598 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total transaction of $815,234.84. Following the transaction, the executive vice president directly owned 2,183 shares of the company's stock, valued at $494,624.14. This represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is owned by insiders.

Institutional Investors Weigh In On Cboe Global Markets

Several institutional investors have recently bought and sold shares of CBOE. Brighton Jones LLC grew its holdings in Cboe Global Markets by 10.1% during the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock worth $213,000 after buying an additional 100 shares in the last quarter. Schroder Investment Management Group grew its stake in Cboe Global Markets by 244.7% in the 4th quarter. Schroder Investment Management Group now owns 5,374 shares of the company's stock valued at $1,053,000 after purchasing an additional 3,815 shares during the period. Resona Asset Management Co. Ltd. bought a new position in Cboe Global Markets in the 4th quarter valued at $10,048,000. Envestnet Asset Management Inc. grew its stake in Cboe Global Markets by 11.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 203,703 shares of the company's stock valued at $39,804,000 after purchasing an additional 21,161 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in Cboe Global Markets in the 4th quarter valued at $110,000. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.