Piper Sandler Issues Positive Forecast for Cboe Global Markets (NASDAQ:CBOE) Stock Price

Cboe Global Markets (NASDAQ:CBOE) had its target price boosted by equities researchers at Piper Sandler from $230.00 to $234.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 12.12% from the stock’s current price.

Other analysts have also issued research reports about the stock. Morgan Stanley upgraded shares of Cboe Global Markets from an “underweight” rating to an “overweight” rating and set a $235.00 price target on the stock in a research report on Tuesday. Keefe, Bruyette & Woods decreased their target price 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. Oppenheimer dropped their price target on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Loop Capital set a $260.00 price objective on Cboe Global Markets in a research note on Wednesday, April 2nd. Finally, Barclays lifted their target price on shares of Cboe Global Markets from $216.00 to $232.00 and gave the stock an “equal weight” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus price target of $219.30.

Cboe Global Markets Price Performance

Shares of CBOE stock opened at $208.71 on Tuesday. 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 stock has a fifty day moving average price of $212.34. The stock has a market cap of $21.85 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47. Cboe Global Markets has a 1 year low of $166.13 and a 1 year high of $234.37.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period last year, the firm posted $2.06 earnings per share. As a group, equities research analysts expect that Cboe Global Markets will post 8.96 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Dave Howson sold 11,036 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the completion of the transaction, the executive vice president now directly owns 8,025 shares in the company, valued at $1,653,230.25. This trade represents a 57.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the transaction, the chief accounting officer now directly owns 248 shares of the company’s stock, valued at approximately $52,357.76. This represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,544 shares of company stock valued at $2,380,529 over the last quarter. 0.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CBOE. Lee Danner & Bass Inc. purchased a new stake in shares of Cboe Global Markets during the fourth quarter worth $29,000. Greenline Partners LLC purchased a new position in shares of Cboe Global Markets in the 4th quarter valued at about $29,000. Kestra Investment Management LLC acquired a new stake in shares of Cboe Global Markets in the 4th quarter valued at $31,000. Sugar Maple Asset Management LLC acquired a new stake in Cboe Global Markets in the fourth quarter valued at $36,000. Finally, Generali Asset Management SPA SGR purchased a new stake in Cboe Global Markets during the 4th quarter worth about $37,000. Institutional investors and hedge funds 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.