Cboe Global Markets (BATS:CBOE) Reaches New 1-Year High – Time to Buy?

Cboe Global Markets, Inc. (BATS:CBOE) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $194.36 and last traded at $205.11, with a volume of 1780143 shares traded. The stock had previously closed at $193.37.

Analyst Upgrades and Downgrades

CBOE has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and upped their target price for the company from $212.00 to $222.00 in a research note on Monday, November 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $220.00 target price on shares of Cboe Global Markets in a research note on Monday, November 4th. Barclays lowered their target price on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Oppenheimer raised their price target on shares of Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Morgan Stanley cut shares of Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price objective for the company. in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $211.36.

Cboe Global Markets Stock Performance

The company has a market cap of $21.63 billion, a PE ratio of 105.14 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. The business has a fifty day simple moving average of $200.69 and a two-hundred day simple moving average of $202.57.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.03. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company had revenue of $532.00 million for the quarter, compared to the consensus estimate of $530.46 million. During the same quarter last year, the company earned $2.06 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. Research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. boosted its holdings in Cboe Global Markets by 31.1% in the second quarter. Sunbelt Securities Inc. now owns 2,081 shares of the company’s stock worth $354,000 after acquiring an additional 494 shares in the last quarter. Truist Financial Corp grew its position in Cboe Global Markets by 11.1% during the 2nd quarter. Truist Financial Corp now owns 25,625 shares of the company’s stock worth $4,358,000 after purchasing an additional 2,550 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Cboe Global Markets during the 2nd quarter valued at approximately $1,134,000. Cim LLC lifted its stake in shares of Cboe Global Markets by 3.4% during the second quarter. Cim LLC now owns 5,998 shares of the company’s stock worth $1,020,000 after buying an additional 200 shares during the period. Finally, Czech National Bank grew its holdings in shares of Cboe Global Markets by 6.4% during the third quarter. Czech National Bank now owns 21,315 shares of the company’s stock valued at $4,367,000 after buying an additional 1,276 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Company Profile

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