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

Cboe Global Markets (NASDAQ:CBOE) had its price target lifted by investment analysts at Barclays from $243.00 to $256.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 2.72% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. UBS Group upped their price target on shares of Cboe Global Markets from $245.00 to $255.00 and gave the stock a “neutral” rating in a report on Monday. Bank of America reiterated a “neutral” rating and set a $227.00 price target (down from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Loop Capital set a $227.00 price target on shares of Cboe Global Markets in a report on Monday, May 5th. Morgan Stanley set a $218.00 price target on shares of Cboe Global Markets and gave the stock an “underweight” rating in a report on Tuesday, July 15th. Finally, Oppenheimer upped their price target on shares of Cboe Global Markets from $253.00 to $265.00 and gave the stock an “outperform” rating in a report on Monday. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and an average target price of $229.50.

Cboe Global Markets Trading Down 0.7%

Shares of CBOE stock opened at $249.21 on Monday. 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 stock has a market cap of $26.10 billion, a P/E ratio of 34.52, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. The stock has a 50 day simple moving average of $232.70 and a 200 day simple moving average of $220.90. Cboe Global Markets has a 1 year low of $187.30 and a 1 year high of $251.21.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, August 1st. The company reported $2.46 EPS for the quarter, beating 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%. During the same quarter in the prior year, the company earned $2.15 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, research analysts predict that Cboe Global Markets will post 8.96 earnings per share for the current fiscal year.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total transaction of $815,234.84. Following the transaction, the executive vice president owned 2,183 shares of the company’s stock, valued at $494,624.14. This trade represents a 62.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cboe Global Markets

Several large investors have recently modified their holdings of the stock. OneDigital Investment Advisors LLC purchased a new position in Cboe Global Markets in the 1st quarter valued at approximately $265,000. Capital Investment Advisory Services LLC purchased a new position in Cboe Global Markets in the 1st quarter valued at approximately $277,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in Cboe Global Markets by 31.9% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,561 shares of the company’s stock valued at $6,689,000 after buying an additional 7,146 shares in the last quarter. GAM Holding AG purchased a new position in Cboe Global Markets in the 1st quarter valued at approximately $1,541,000. Finally, Teacher Retirement System of Texas purchased a new position in Cboe Global Markets in the 1st quarter valued at approximately $3,463,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

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.