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

Cboe Global Markets (NASDAQ:CBOE) had its price target upped by analysts at UBS Group from $245.00 to $255.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 2.32% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on CBOE. Barclays reduced their target price on shares of Cboe Global Markets from $245.00 to $243.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. Oppenheimer boosted their price objective on shares of Cboe Global Markets from $253.00 to $265.00 and gave the company an “outperform” rating in a report on Monday. Cowen reaffirmed a “hold” rating 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 company an “underweight” rating in a research report on Tuesday, July 15th. Finally, Piper Sandler increased their price target on Cboe Global Markets from $245.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and an average price target of $229.50.

Cboe Global Markets Trading Down 0.7%

Shares of NASDAQ:CBOE opened at $249.21 on Monday. Cboe Global Markets has a 12-month low of $187.30 and a 12-month high of $251.21. The business has a 50 day moving average of $232.70 and a 200-day moving average of $220.90. 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 stock has a market cap of $26.10 billion, a PE ratio of 34.52, a P/E/G ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same quarter in the previous year, the company posted $2.15 earnings per share. The business’s revenue was up 14.3% on a year-over-year basis. As a group, equities research analysts forecast that Cboe Global Markets will post 8.96 earnings per share for the current year.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the business’s 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 completion of the transaction, the executive vice president directly owned 2,183 shares in the company, valued at $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.22% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cboe Global Markets

Several hedge funds and other institutional investors have recently modified their holdings of CBOE. OneDigital Investment Advisors LLC acquired a new stake in Cboe Global Markets in the first quarter valued at about $265,000. Capital Investment Advisory Services LLC bought a new position in shares of Cboe Global Markets in the first quarter worth about $277,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of 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 purchasing an additional 7,146 shares in the last quarter. GAM Holding AG acquired a new stake in shares of Cboe Global Markets in the 1st quarter valued at approximately $1,541,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Cboe Global Markets during the 1st quarter valued at approximately $3,463,000. 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.