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

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) had its price objective lifted by equities researchers at Morgan Stanley from $235.00 to $256.00 in a research note issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Morgan Stanley's price target points to a potential upside of 9.29% from the stock's current price.

A number of other equities research analysts also recently issued reports on the stock. The Goldman Sachs Group downgraded shares of Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price target on the stock. in a research note on Monday, January 6th. Jefferies Financial Group lowered their price target on shares of Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating for the company in a report on Thursday, January 9th. Loop Capital set a $260.00 price objective on Cboe Global Markets in a research note on Wednesday, April 2nd. StockNews.com upgraded Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $174.00 price target (down previously from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $223.36.

Cboe Global Markets Stock Up 0.4 %

NASDAQ CBOE traded up $0.91 on Monday, reaching $234.23. The company had a trading volume of 1,018,466 shares, compared to its average volume of 894,183. The stock has a market cap of $24.52 billion, a PE ratio of 32.44, a PEG ratio of 1.75 and a beta of 0.44. Cboe Global Markets has a 12 month low of $166.13 and a 12 month high of $236.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The stock's 50 day moving average is $216.72.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. The firm's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.15 EPS. On average, research analysts expect that Cboe Global Markets will post 8.96 EPS for the current year.

Insider Buying and Selling at Cboe Global Markets

In related news, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total value of $41,934.00. Following the completion of the sale, the executive vice president now directly owns 1,993 shares in the company, valued at $417,872.31. The trade was a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Dave Howson sold 11,036 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the transaction, the executive vice president now owns 8,025 shares in the company, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,544 shares of company stock valued at $2,380,529 in the last three months. Company insiders own 0.22% of the company's stock.

Institutional Investors Weigh In On Cboe Global Markets

Hedge funds have recently modified their holdings of the business. NBC Securities Inc. bought a new position in Cboe Global Markets in the first quarter worth approximately $27,000. Hughes Financial Services LLC purchased a new stake in Cboe Global Markets during the 1st quarter worth approximately $29,000. Cornerstone Planning Group LLC grew its stake in Cboe Global Markets by 4,633.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock valued at $30,000 after purchasing an additional 139 shares during the last quarter. Greenline Partners LLC acquired a new position in shares of Cboe Global Markets in the fourth quarter valued at about $29,000. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Cboe Global Markets in the fourth quarter worth about $29,000. Hedge funds and other 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.