Cboe Global Markets (BATS:CBOE) Earns “Buy” Rating from Rosenblatt Securities

Posted by on Apr 8th, 2023

Cboe Global Markets (BATS:CBOE – Get Rating)‘s stock had its “buy” rating reiterated by investment analysts at Rosenblatt Securities in a research report issued on Thursday, Benzinga reports. They currently have a $175.00 target price on the stock. Rosenblatt Securities’ price objective points to a potential upside of 28.66% from the stock’s current price.

Several other research analysts have also recently issued reports on CBOE. Credit Suisse Group upgraded shares of Cboe Global Markets from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $159.00 to $144.00 in a report on Thursday, January 5th. Keefe, Bruyette & Woods raised their target price on shares of Cboe Global Markets from $137.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, January 12th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Cboe Global Markets from $144.00 to $142.00 in a report on Wednesday, January 11th. Finally, JPMorgan Chase & Co. cut their target price on shares of Cboe Global Markets from $131.00 to $125.00 and set an “underweight” rating on the stock in a report on Monday, January 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Cboe Global Markets has an average rating of “Hold” and a consensus target price of $140.25.

Cboe Global Markets Stock Up 0.3 %

CBOE stock opened at $136.02 on Thursday. Cboe Global Markets has a 1-year low of $103.82 and a 1-year high of $139.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $127.14 and its 200 day moving average is $124.36. The stock has a market cap of $14.43 billion, a price-to-earnings ratio of 70.11 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE – Get Rating) last issued its quarterly earnings results on Friday, February 3rd. The company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.04. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $457.10 million for the quarter, compared to analysts’ expectations of $458.64 million. During the same period last year, the business earned $1.70 earnings per share. The business’s quarterly revenue was up 17.1% on a year-over-year basis. Sell-side analysts predict that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Cboe Global Markets

Large investors have recently bought and sold shares of the business. Crossmark Global Holdings Inc. grew its stake in shares of Cboe Global Markets by 0.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,640 shares of the company’s stock valued at $1,366,000 after purchasing an additional 85 shares during the period. Czech National Bank grew its stake in shares of Cboe Global Markets by 0.7% during the 4th quarter. Czech National Bank now owns 12,417 shares of the company’s stock valued at $1,558,000 after purchasing an additional 91 shares during the period. Exencial Wealth Advisors LLC grew its stake in shares of Cboe Global Markets by 3.0% during the 3rd quarter. Exencial Wealth Advisors LLC now owns 3,258 shares of the company’s stock valued at $382,000 after purchasing an additional 96 shares during the period. State of Michigan Retirement System grew its stake in shares of Cboe Global Markets by 0.3% during the 3rd quarter. State of Michigan Retirement System now owns 28,703 shares of the company’s stock valued at $3,369,000 after purchasing an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in shares of Cboe Global Markets by 1.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 6,900 shares of the company’s stock valued at $866,000 after buying an additional 100 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

About Cboe Global Markets

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Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, North American Equities, Futures, Europe and Asia Pacific, Global FX, and Digital. The Options segment includes the options exchange business, which lists trading options on market indexes (index options), as well as on non-exclusive multiply listed options.

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