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

Cboe Global Markets (NASDAQ:CBOE) had its price target boosted by equities research analysts at Oppenheimer from $237.00 to $249.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target would indicate a potential upside of 6.72% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the company. Piper Sandler increased their price target on Cboe Global Markets from $230.00 to $234.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods decreased their price target on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. Bank of America reaffirmed a “neutral” rating and issued a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $174.00 price objective (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group cut shares of 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus target price of $223.36.

Cboe Global Markets Stock Performance

Shares of NASDAQ:CBOE opened at $233.32 on Monday. Cboe Global Markets has a 52-week low of $166.13 and a 52-week high of $234.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The firm has a market cap of $24.43 billion, a P/E ratio of 32.32, a P/E/G ratio of 1.75 and a beta of 0.44. The firm has a 50-day moving average price of $216.25.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (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%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.15 earnings per share. As a group, equities analysts forecast that Cboe Global Markets will post 8.96 earnings per share for the current year.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, EVP Adam Inzirillo sold 200 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the transaction, the executive vice president now owns 1,993 shares in the company, valued at approximately $417,872.31. This represents a 9.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Allen Wilkinson sold 228 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the transaction, the chief accounting officer now directly owns 248 shares of the company’s stock, valued at $52,357.76. This represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock valued at $2,380,529 in the last quarter. Company insiders own 0.22% of the company’s stock.

Institutional Trading of Cboe Global Markets

A number of institutional investors have recently made changes to their positions in CBOE. NBC Securities Inc. bought a new position in Cboe Global Markets in the first quarter valued at about $27,000. Lee Danner & Bass Inc. purchased a new stake in shares of Cboe Global Markets during the 4th quarter valued at about $29,000. Greenline Partners LLC purchased a new stake in shares of Cboe Global Markets during the 4th quarter valued at about $29,000. Hughes Financial Services LLC bought a new position in shares of Cboe Global Markets in the 1st quarter worth approximately $29,000. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Cboe Global Markets by 4,633.3% in the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock worth $30,000 after buying an additional 139 shares during the last quarter. 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.