Cboe Global Markets (BATS:CBOE) Receives New Coverage from Analysts at Rosenblatt Securities

Rosenblatt Securities started coverage on shares of Cboe Global Markets (BATS:CBOEGet Rating) in a report released on Wednesday, The Fly reports. The brokerage set a “buy” rating on the stock.

Several other equities analysts have also recently weighed in on the company. Credit Suisse Group decreased their price objective on Cboe Global Markets from $146.00 to $145.00 and set a “neutral” rating for the company in a report on Monday, August 1st. TheStreet cut Cboe Global Markets from a “b+” rating to a “c+” rating in a report on Friday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price target on Cboe Global Markets from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Wednesday, July 13th. Finally, Morgan Stanley upgraded Cboe Global Markets to an “overweight” rating and lifted their price target for the stock from $118.00 to $140.00 in a report on Tuesday, July 19th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.14.

Cboe Global Markets Stock Performance

CBOE opened at $119.92 on Wednesday. The business’s 50-day moving average price is $120.55 and its two-hundred day moving average price is $114.69. Cboe Global Markets has a 1 year low of $103.82 and a 1 year high of $139.00. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 61.81 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOEGet Rating) last announced its quarterly earnings data on Friday, July 29th. The company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.02). The company had revenue of $424.10 million during the quarter, compared to the consensus estimate of $422.56 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 EPS. Equities analysts expect that Cboe Global Markets will post 6.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Cboe Global Markets

A number of hedge funds and other institutional investors have recently made changes to their positions in CBOE. Clear Street Markets LLC grew its stake in shares of Cboe Global Markets by 406.8% during the second quarter. Clear Street Markets LLC now owns 223 shares of the company’s stock worth $25,000 after buying an additional 179 shares during the last quarter. CX Institutional bought a new stake in Cboe Global Markets during the second quarter valued at $30,000. SeaCrest Wealth Management LLC bought a new stake in Cboe Global Markets during the second quarter valued at $34,000. Prospera Financial Services Inc bought a new stake in Cboe Global Markets during the first quarter valued at $43,000. Finally, Farmers & Merchants Investments Inc. boosted its position in Cboe Global Markets by 645.5% during the first quarter. Farmers & Merchants Investments Inc. now owns 410 shares of the company’s stock valued at $47,000 after acquiring an additional 355 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

About Cboe Global Markets

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Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through five segments: Options, North American Equities, Futures, Europe and Asia Pacific, and Global FX. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.

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