Cboe Global Markets (NASDAQ:CBOE) Stock Price Expected to Rise, Oppenheimer Analyst Says

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."

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) had its price target increased by stock analysts at Oppenheimer from $253.00 to $265.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Oppenheimer's price objective indicates a potential upside of 6.95% from the company's current price.

Several other research firms also recently commented on CBOE. Cowen reiterated a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Bank of America restated a "neutral" rating and set a $227.00 target price (down from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. UBS Group boosted their target price on shares of Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Morgan Stanley set a $218.00 target price on shares of Cboe Global Markets and gave the company an "underweight" rating in a research report on Tuesday, July 15th. Finally, Citigroup boosted their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Cboe Global Markets presently has an average rating of "Hold" and an average target price of $223.58.

Cboe Global Markets Trading Up 2.8%

NASDAQ:CBOE opened at $247.79 on Monday. Cboe Global Markets has a 12 month low of $186.10 and a 12 month high of $249.63. The firm has a fifty day simple moving average of $231.96 and a 200-day simple moving average of $220.31. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $25.95 billion, a P/E ratio of 34.32, a PEG ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $2.46 EPS for the quarter, topping 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%. During the same quarter in the prior year, the company earned $2.15 earnings per share. The firm's revenue was up 14.3% on a year-over-year basis. On average, equities research analysts anticipate that Cboe Global Markets will post 8.96 earnings per share for the current year.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $226.58, for a total value of $815,234.84. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.22% of the company's stock.

Hedge Funds Weigh In On Cboe Global Markets

Institutional investors and hedge funds have recently bought and sold shares of the company. Missouri Trust & Investment Co acquired a new position in Cboe Global Markets in the 2nd quarter valued at about $26,000. Clearstead Trust LLC acquired a new position in shares of Cboe Global Markets in the 1st quarter worth approximately $26,000. NBC Securities Inc. acquired a new position in shares of Cboe Global Markets in the 1st quarter worth approximately $27,000. Hughes Financial Services LLC acquired a new position in shares of Cboe Global Markets in the 1st quarter worth approximately $29,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Cboe Global Markets by 4,633.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after acquiring an additional 139 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

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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