Cboe Global Markets, Inc. (NASDAQ:CBOE) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) have been given an average recommendation of “Reduce” by the seven analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $198.83.

Several equities analysts recently commented on CBOE shares. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. William Blair initiated coverage on Cboe Global Markets in a research note on Thursday, January 9th. They set a “market perform” rating on the stock. StockNews.com lowered Cboe Global Markets from a “hold” rating to a “sell” rating in a research note on Friday, January 10th. Barclays cut their price objective on Cboe Global Markets from $220.00 to $212.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, The Goldman Sachs Group downgraded Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price for the company. in a research report on Monday, January 6th.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $211.17 on Monday. The stock has a market cap of $22.11 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 2.14 and a beta of 0.68. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $199.53. Cboe Global Markets has a one year low of $166.13 and a one year high of $221.66.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.33% and a net margin of 19.65%. During the same quarter in the previous year, the business earned $2.06 EPS. Sell-side analysts predict that Cboe Global Markets will post 8.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cboe Global Markets

A number of hedge funds and other institutional investors have recently made changes to their positions in CBOE. New York Life Investment Management LLC lifted its stake in Cboe Global Markets by 0.3% in the fourth quarter. New York Life Investment Management LLC now owns 15,531 shares of the company’s stock worth $3,035,000 after acquiring an additional 48 shares during the period. Exencial Wealth Advisors LLC raised its holdings in shares of Cboe Global Markets by 1.1% in the 4th quarter. Exencial Wealth Advisors LLC now owns 4,570 shares of the company’s stock valued at $893,000 after purchasing an additional 50 shares in the last quarter. Inspire Advisors LLC lifted its position in shares of Cboe Global Markets by 1.6% in the 4th quarter. Inspire Advisors LLC now owns 3,127 shares of the company’s stock worth $611,000 after purchasing an additional 50 shares during the period. Pinnacle Financial Partners Inc boosted its stake in shares of Cboe Global Markets by 5.2% during the fourth quarter. Pinnacle Financial Partners Inc now owns 1,196 shares of the company’s stock valued at $234,000 after purchasing an additional 59 shares in the last quarter. Finally, One Wealth Advisors LLC increased its holdings in Cboe Global Markets by 5.7% during the fourth quarter. One Wealth Advisors LLC now owns 1,109 shares of the company’s stock valued at $217,000 after buying an additional 60 shares during the period. Institutional investors own 82.67% of the company’s stock.

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.