Cboe Global Markets (NASDAQ:CBOE) Upgraded to Strong-Buy at Zacks Research

Cboe Global Markets (NASDAQ:CBOE) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $254.00 price target on shares of Cboe Global Markets in a report on Monday, August 4th. Oppenheimer set a $265.00 price objective on Cboe Global Markets and gave the company an “outperform” rating in a report on Monday, August 4th. Morgan Stanley restated an “underweight” rating and issued a $221.00 target price on shares of Cboe Global Markets in a research note on Wednesday, October 1st. Barclays lifted their price target on Cboe Global Markets from $264.00 to $273.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Citigroup upped their price objective on Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Cboe Global Markets has an average rating of “Hold” and an average price target of $243.38.

Cboe Global Markets Stock Performance

CBOE opened at $252.75 on Wednesday. Cboe Global Markets has a 12-month low of $187.30 and a 12-month high of $255.27. 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 firm has a market capitalization of $26.45 billion, a PE ratio of 35.01, a P/E/G ratio of 1.75 and a beta of 0.42. The firm has a 50 day moving average of $239.06 and a two-hundred day moving average of $234.74.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, October 31st. The company reported $2.67 EPS for the quarter, beating the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. Cboe Global Markets’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.22 EPS. On average, analysts anticipate that Cboe Global Markets will post 8.96 EPS for the current year.

Hedge Funds Weigh In On Cboe Global Markets

Large investors have recently added to or reduced their stakes in the stock. Clearstead Trust LLC acquired a new stake in Cboe Global Markets in the 1st quarter worth about $26,000. Missouri Trust & Investment Co purchased a new position in shares of Cboe Global Markets during the 2nd quarter worth $26,000. Hughes Financial Services LLC purchased a new stake in shares of Cboe Global Markets during the 1st quarter valued at approximately $29,000. Cornerstone Planning Group LLC lifted its position in Cboe Global Markets by 4,633.3% in the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock valued at $30,000 after buying an additional 139 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Cboe Global Markets in the second quarter valued at approximately $31,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

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.