Cboe Global Markets (NASDAQ:CBOE) Given a $218.00 Price Target by Morgan Stanley Analysts

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) has been given a $218.00 target price by research analysts at Morgan Stanley in a report released on Tuesday, MarketBeat Ratings reports. The firm currently has an "underweight" rating on the stock. Morgan Stanley's target price would indicate a potential downside of 8.58% from the company's previous close.

Other equities analysts have also issued reports about the stock. 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 report on Monday, May 5th. Citigroup upped their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Oppenheimer upped their target price on shares of Cboe Global Markets from $237.00 to $249.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Bank of America reissued a "neutral" rating and issued a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Finally, Loop Capital set a $227.00 target price on shares of Cboe Global Markets in a research report on Monday, May 5th. 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's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $222.58.

Cboe Global Markets Stock Performance

NASDAQ CBOE traded up $0.61 on Tuesday, reaching $238.45. 2,116,490 shares of the company's stock traded hands, compared to its average volume of 851,582. The firm has a market cap of $24.97 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 1.75 and a beta of 0.43. The stock has a 50 day moving average price of $228.07 and a 200-day moving average price of $216.27. Cboe Global Markets has a fifty-two week low of $181.32 and a fifty-two week high of $239.67. 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 released its quarterly earnings data on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The firm's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.15 earnings per share. Equities research analysts predict that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $226.58, for a total transaction of $815,234.84. Following the completion of the transaction, the executive vice president directly owned 2,183 shares in the company, valued at approximately $494,624.14. This trade represents a 62.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cboe Global Markets

Several hedge funds have recently modified their holdings of the stock. OneDigital Investment Advisors LLC acquired a new position in shares of Cboe Global Markets during the first quarter worth $265,000. Capital Investment Advisory Services LLC bought a new position in shares of Cboe Global Markets during the first quarter worth about $277,000. Harel Insurance Investments & Financial Services Ltd. grew its position 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 acquiring an additional 7,146 shares during the last quarter. GAM Holding AG bought a new position in Cboe Global Markets in the 1st quarter valued at about $1,541,000. Finally, Teacher Retirement System of Texas acquired a new stake in Cboe Global Markets in the 1st quarter valued at about $3,463,000. 82.67% of the stock is 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.