Cboe Global Markets (NASDAQ:CBOE) Given a $265.00 Price Target at Piper Sandler

Key Points

• Piper Sandler has raised its price target for Cboe Global Markets from $250.00 to $265.00, while maintaining an "overweight" rating on the stock, indicating potential upside of 6.23% from its previous closing price.
• Several analysts including Barclays and Oppenheimer have also increased their price targets for Cboe, with a consensus rating of "Hold" and an average price target of $226.75.
• Cboe Global Markets reported quarterly earnings of $2.46 EPS, exceeding estimates by $0.03, with a net margin of 18.64% and a year-over-year revenue increase of 14.3%.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) has been assigned a $265.00 price target by research analysts at Piper Sandler in a research note issued on Monday, MarketBeat.com reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's target price would indicate a potential upside of 6.81% from the company's previous close.

Several other research firms have also issued reports on CBOE. Citigroup boosted their price target on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Morgan Stanley set a $218.00 target price on shares of Cboe Global Markets and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. Bank of America reiterated a "neutral" rating and issued a $227.00 price target (down from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Loop Capital set a $227.00 target price on shares of Cboe Global Markets in a research note on Monday, May 5th. Finally, Barclays boosted their price objective on Cboe Global Markets from $243.00 to $256.00 and gave the company an "equal weight" rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Cboe Global Markets currently has a consensus rating of "Hold" and an average price target of $231.38.

Cboe Global Markets Stock Performance

Shares of NASDAQ:CBOE traded down $0.69 during trading on Monday, hitting $248.10. The company's stock had a trading volume of 600,749 shares, compared to its average volume of 879,336. 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 firm has a market cap of $25.98 billion, a price-to-earnings ratio of 34.36, a P/E/G ratio of 1.75 and a beta of 0.46. The company has a 50-day moving average of $233.15 and a 200-day moving average of $221.09. Cboe Global Markets has a 12 month low of $187.30 and a 12 month high of $251.21.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share 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%. The firm's revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.15 EPS. On average, sell-side analysts expect that Cboe Global Markets will post 8.96 earnings per share for the current year.

Insider Buying and Selling at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 3,598 shares of the 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 completion of the transaction, the executive vice president owned 2,183 shares of the company's stock, valued at approximately $494,624.14. This trade represents a 62.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cboe Global Markets

A number of institutional investors and hedge funds have recently modified their holdings of CBOE. Clearstead Trust LLC purchased a new position in Cboe Global Markets during the first quarter worth $26,000. Missouri Trust & Investment Co bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth about $26,000. NBC Securities Inc. purchased a new position in shares of Cboe Global Markets during the 1st quarter worth about $27,000. Greenline Partners LLC bought a new position in Cboe Global Markets during the 4th quarter valued at about $29,000. Finally, Hughes Financial Services LLC purchased a new stake in Cboe Global Markets in the 1st quarter worth about $29,000. Hedge funds and other institutional investors own 82.67% of the company's stock.

About Cboe Global Markets

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.