Oppenheimer Forecasts Strong Price Appreciation for Cboe Global Markets (NASDAQ:CBOE) Stock

Cboe Global Markets (NASDAQ:CBOE) had its price objective increased by equities research analysts at Oppenheimer from $249.00 to $253.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 6.71% from the company’s previous close.

Several other analysts have also issued reports on CBOE. Bank of America reaffirmed a “neutral” rating and issued a $227.00 target price (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. UBS Group upped their price objective on shares of Cboe Global Markets from $235.00 to $245.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Loop Capital set a $227.00 target price on shares of Cboe Global Markets in a research report on Monday, May 5th. Piper Sandler boosted their price target on shares of Cboe Global Markets from $245.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Barclays reduced their price target on Cboe Global Markets from $245.00 to $243.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $222.58.

Cboe Global Markets Price Performance

NASDAQ:CBOE opened at $237.10 on Tuesday. Cboe Global Markets has a 52-week low of $173.00 and a 52-week high of $238.49. The stock has a fifty day moving average of $227.89 and a 200 day moving average of $215.98. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The firm has a market capitalization of $24.83 billion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 1.75 and a beta of 0.43.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, May 2nd. The company reported $2.50 EPS for the quarter, topping 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%. During the same period last year, the business posted $2.15 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year. On average, research analysts expect that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Insider Activity at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets stock in a transaction dated Friday, May 23rd. The stock was 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 $494,624.14. The trade was a 62.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Cboe Global Markets

Several institutional investors have recently bought and sold shares of CBOE. Alliancebernstein L.P. grew its holdings in shares of Cboe Global Markets by 208.4% during the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company’s stock valued at $1,501,745,000 after buying an additional 5,193,339 shares during the last quarter. Norges Bank bought a new position in Cboe Global Markets in the 4th quarter valued at approximately $269,524,000. GAMMA Investing LLC lifted its position in Cboe Global Markets by 29,094.5% in the 1st quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company’s stock valued at $275,290,000 after acquiring an additional 1,212,368 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Cboe Global Markets by 400.6% during the 1st 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 purchasing an additional 854,325 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Cboe Global Markets in the 1st quarter worth $74,789,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

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.