Cboe Global Markets (BATS:CBOE) Reaches New 12-Month High – Here’s What Happened

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

Wall Street Analyst Weigh In

Several research firms have recently commented on CBOE. Piper Sandler upped their price target on shares of Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and increased their target price for the stock from $212.00 to $222.00 in a report on Monday, November 11th. Morgan Stanley lowered shares of Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price for the company. in a report on Wednesday, November 6th. Oppenheimer increased their target price on shares of Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Barclays reduced 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 report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $211.36.

Cboe Global Markets Stock Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The business’s fifty day simple moving average is $200.82 and its 200-day simple moving average is $202.32. The firm has a market capitalization of $21.75 billion, a PE ratio of 105.73 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, November 1st. The company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.03. The firm had revenue of $532.00 million during the quarter, compared to the consensus estimate of $530.46 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.06 EPS. As a group, equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Friedenthal Financial bought a new position in shares of Cboe Global Markets during the 3rd quarter valued at approximately $49,000. Brooklyn Investment Group bought a new position in shares of Cboe Global Markets during the 3rd quarter valued at approximately $66,000. Intact Investment Management Inc. bought a new position in shares of Cboe Global Markets during the 3rd quarter valued at approximately $74,000. Washington Trust Advisors Inc. bought a new stake in Cboe Global Markets in the third quarter worth $144,000. Finally, Farther Finance Advisors LLC lifted its position in Cboe Global Markets by 11.6% in the third quarter. Farther Finance Advisors LLC now owns 777 shares of the company’s stock worth $159,000 after buying an additional 81 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.

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.