Cboe Global Markets (NASDAQ:CBOE) Given a $265.00 Price Target by Oppenheimer Analysts

Key Points

• Oppenheimer has raised its price target for Cboe Global Markets from $253 to $265, indicating a potential upside of 6.95% from the current stock price.
• The firm reported earnings of $2.46 per share for the last quarter, exceeding estimates, with a revenue increase of 14.3% year-over-year.
• Currently, Cboe Global Markets holds an average rating of "Hold" among analysts, with the majority giving "hold" or "neutral" ratings, while three analysts have rated the stock as a "sell."

Oppenheimer set a $265.00 target price on Cboe Global Markets (NASDAQ:CBOE - Free Report) in a research note released on Monday, Marketbeat Ratings reports. The firm currently has an outperform rating on the stock.

CBOE has been the subject of several other research reports. 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 report on Thursday, April 10th. Cowen restated a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. UBS Group lifted their price target on Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Loop Capital set a $227.00 price objective on Cboe Global Markets in a research note on Monday, May 5th. Finally, Citigroup lifted 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. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Cboe Global Markets currently has an average rating of "Hold" and an average target price of $231.38.

Cboe Global Markets Trading Up 1.2%

CBOE traded up $3.08 during trading on Monday, hitting $252.58. 886,498 shares of the stock were exchanged, compared to its average volume of 878,226. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The firm has a 50 day simple moving average of $233.59 and a 200 day simple moving average of $221.46. The firm has a market cap of $26.42 billion, a price-to-earnings ratio of 34.98, a P/E/G ratio of 1.75 and a beta of 0.46. Cboe Global Markets has a 1 year low of $187.30 and a 1 year high of $252.92.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings results 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%. The business's revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company earned $2.15 EPS. As a group, equities analysts expect that Cboe Global Markets will post 8.96 EPS for the current year.

Insider Activity

In related 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. This trade represents a 62.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.22% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CBOE. OneDigital Investment Advisors LLC acquired a new stake in Cboe Global Markets during the 1st quarter worth about $265,000. Capital Investment Advisory Services LLC purchased a new position in shares of Cboe Global Markets in the first quarter worth about $277,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Cboe Global Markets by 31.9% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,561 shares of the company's stock worth $6,689,000 after purchasing an additional 7,146 shares during the period. GAM Holding AG purchased a new stake in Cboe Global Markets in the first quarter valued at approximately $1,541,000. Finally, Teacher Retirement System of Texas acquired a new position in Cboe Global Markets in the 1st quarter worth approximately $3,463,000. 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.