Cboe Global Markets, Inc. (NASDAQ:CBOE) Receives $235.08 Consensus Target Price from Analysts

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) have received an average rating of “Reduce” from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $235.0769.

Several analysts recently weighed in on the stock. UBS Group reaffirmed a “neutral” rating and issued a $255.00 target price (up previously from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Piper Sandler increased their price objective on shares of Cboe Global Markets from $250.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Morgan Stanley reaffirmed an “underweight” rating and set a $221.00 price objective on shares of Cboe Global Markets in a research report on Wednesday, October 1st. Keefe, Bruyette & Woods boosted their target price on shares of Cboe Global Markets from $243.00 to $248.00 and gave the stock a “market perform” rating in a research note on Monday, August 4th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $254.00 price target on shares of Cboe Global Markets in a research note on Monday, August 4th.

Cboe Global Markets Trading Down 0.5%

CBOE opened at $243.49 on Friday. The business has a fifty day moving average price of $241.25 and a 200 day moving average price of $231.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. Cboe Global Markets has a 12 month low of $187.30 and a 12 month high of $255.27. The stock has a market capitalization of $25.47 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 1.75 and a beta of 0.44.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period last year, the company posted $2.15 EPS. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. Sell-side analysts expect that Cboe Global Markets will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, August 29th. Cboe Global Markets’s dividend payout ratio is currently 33.76%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Missouri Trust & Investment Co acquired a new stake in Cboe Global Markets during the 2nd quarter worth $26,000. Clearstead Trust LLC purchased a new position in shares of Cboe Global Markets during the first quarter worth about $26,000. NBC Securities Inc. acquired a new stake in shares of Cboe Global Markets during the first quarter worth about $27,000. Hughes Financial Services LLC acquired a new stake in shares of Cboe Global Markets during the first quarter worth about $29,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Cboe Global Markets in the 2nd quarter valued at about $33,000. Institutional investors and hedge funds 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.