Cboe Global Markets (CBOE) Downgraded by BidaskClub to “Buy”

BidaskClub lowered shares of Cboe Global Markets (NASDAQ:CBOE) from a strong-buy rating to a buy rating in a report released on Wednesday morning.

A number of other equities research analysts have also recently commented on CBOE. Zacks Investment Research cut Cboe Global Markets from a buy rating to a hold rating in a research report on Friday, September 15th. Jefferies Group reaffirmed a hold rating and set a $92.00 target price on shares of Cboe Global Markets in a research report on Tuesday, October 3rd. Royal Bank of Canada cut Cboe Global Markets from an outperform rating to a sector perform rating and lifted their target price for the company from $100.00 to $108.00 in a research report on Monday, October 16th. Wells Fargo & Co reaffirmed an outperform rating and set a $120.00 target price (up previously from $106.00) on shares of Cboe Global Markets in a research report on Thursday, October 5th. They noted that the move was a valuation call. Finally, Deutsche Bank lifted their target price on Cboe Global Markets from $106.00 to $108.00 and gave the company a hold rating in a research report on Wednesday, November 8th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $109.70.

Shares of Cboe Global Markets (CBOE) opened at $124.47 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.46. Cboe Global Markets has a one year low of $72.54 and a one year high of $128.32. The company has a market capitalization of $14,020.00, a P/E ratio of 67.28, a price-to-earnings-growth ratio of 2.09 and a beta of 0.52.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. Cboe Global Markets had a return on equity of 14.70% and a net margin of 10.55%. The firm had revenue of $269.70 million during the quarter, compared to analysts’ expectations of $270.14 million. During the same quarter last year, the firm posted $0.72 earnings per share. The company’s revenue for the quarter was up 98.0% compared to the same quarter last year. equities research analysts expect that Cboe Global Markets will post 3.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.27 per share. The ex-dividend date was Thursday, November 30th. This represents a $1.08 dividend on an annualized basis and a yield of 0.87%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 58.38%.

In related news, VP Christopher A. Isaacson sold 7,019 shares of Cboe Global Markets stock in a transaction on Friday, December 1st. The stock was sold at an average price of $124.42, for a total transaction of $873,303.98. Following the sale, the vice president now directly owns 90,229 shares in the company, valued at $11,226,292.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Edward T. Tilly sold 5,000 shares of Cboe Global Markets stock in a transaction on Monday, December 11th. The stock was sold at an average price of $126.28, for a total value of $631,400.00. Following the sale, the chairman now owns 70,611 shares in the company, valued at $8,916,757.08. The disclosure for this sale can be found here. Insiders have sold 16,989 shares of company stock worth $2,059,320 over the last quarter. 1.86% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of CBOE. Strs Ohio bought a new stake in shares of Cboe Global Markets in the second quarter valued at $120,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of Cboe Global Markets by 1.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,346 shares of the financial services provider’s stock valued at $123,000 after buying an additional 20 shares during the period. Penserra Capital Management LLC bought a new stake in shares of Cboe Global Markets in the second quarter valued at $198,000. W. E. Donoghue & Co. LLC bought a new stake in shares of Cboe Global Markets in the second quarter valued at $203,000. Finally, Winslow Evans & Crocker Inc. raised its stake in shares of Cboe Global Markets by 720.0% in the third quarter. Winslow Evans & Crocker Inc. now owns 1,886 shares of the financial services provider’s stock valued at $203,000 after buying an additional 1,656 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Cboe Global Markets (CBOE) Downgraded by BidaskClub to “Buy”” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.com-unik.info/2017/12/24/cboe-global-markets-cboe-downgraded-by-bidaskclub-to-buy.html.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).

Analyst Recommendations for Cboe Global Markets (NASDAQ:CBOE)

Receive News & Ratings for Cboe Global Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cboe Global Markets and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit