Cboe Global Markets (NASDAQ:CBOE) Price Target Raised to $265.00

Cboe Global Markets (NASDAQ:CBOE) had its price objective lifted by investment analysts at UBS Group from $255.00 to $265.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 7.32% from the stock’s previous close.

Several other brokerages have also recently weighed in on CBOE. Morgan Stanley reiterated an “underweight” rating and set a $221.00 price target on shares of Cboe Global Markets in a research note on Wednesday, October 1st. Loop Capital set a $287.00 price target on shares of Cboe Global Markets in a research note on Monday. Royal Bank Of Canada restated a “sector perform” rating and set a $254.00 target price on shares of Cboe Global Markets in a research note on Monday, August 4th. Piper Sandler restated an “overweight” rating and set a $290.00 target price on shares of Cboe Global Markets in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research note on Monday. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $243.38.

Cboe Global Markets Stock Up 0.5%

Shares of NASDAQ CBOE traded up $1.28 on Monday, reaching $246.92. 1,030,032 shares of the company’s stock traded hands, compared to its average volume of 862,033. The company has a market cap of $25.83 billion, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The business’s 50 day simple moving average is $238.33 and its two-hundred day simple moving average is $234.05. Cboe Global Markets has a 12 month low of $187.30 and a 12 month high of $255.27.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, October 31st. The company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period in the prior year, the firm posted $2.22 earnings per share. The business’s revenue was up 13.8% on a year-over-year basis. As a group, equities research analysts forecast that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Cboe Global Markets

Institutional investors and hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. raised its position in Cboe Global Markets by 23.1% during the first quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company’s stock valued at $2,141,730,000 after acquiring an additional 1,779,048 shares in the last quarter. Norges Bank purchased a new position in Cboe Global Markets in the second quarter valued at $324,234,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Cboe Global Markets by 400.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company’s stock valued at $241,580,000 after buying an additional 854,325 shares in the last quarter. Invesco Ltd. increased its holdings in Cboe Global Markets by 27.3% in the second quarter. Invesco Ltd. now owns 1,728,015 shares of the company’s stock valued at $402,990,000 after buying an additional 370,223 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Cboe Global Markets in the first quarter valued at $74,789,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

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.