Cboe Global Markets (NASDAQ:CBOE) Reaches New 1-Year High – Here’s Why

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) reached a new 52-week high on Thursday . The stock traded as high as $262.98 and last traded at $260.88, with a volume of 666928 shares. The stock had previously closed at $259.25.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CBOE shares. Keefe, Bruyette & Woods increased their price objective on shares of Cboe Global Markets from $257.00 to $269.00 and gave the company a “market perform” rating in a report on Monday, November 3rd. Oppenheimer set a $265.00 target price on shares of Cboe Global Markets and gave the stock an “outperform” rating in a research report on Monday, August 4th. Loop Capital set a $287.00 price target on shares of Cboe Global Markets in a report on Monday, November 3rd. Barclays lifted their price target on shares of Cboe Global Markets from $264.00 to $273.00 and gave the company an “equal weight” rating in a report on Monday, November 3rd. Finally, Citigroup increased their price objective on shares of Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and an average price target of $243.38.

Cboe Global Markets Stock Performance

The business’s fifty day moving average is $240.99 and its two-hundred day moving average is $236.17. The stock has a market capitalization of $27.30 billion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 1.75 and a beta of 0.42. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results on Friday, October 31st. The company reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the prior year, the business earned $2.22 EPS. The company’s revenue was up 13.8% compared to the same quarter last year. As a group, research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Cboe Global Markets

Several large investors have recently added to or reduced their stakes in CBOE. Clearstead Trust LLC bought a new stake in shares of Cboe Global Markets in the 1st quarter valued at approximately $26,000. Missouri Trust & Investment Co purchased a new stake in Cboe Global Markets during the 2nd quarter valued at $26,000. Headlands Technologies LLC purchased a new stake in Cboe Global Markets during the 2nd quarter valued at $31,000. Twin Peaks Wealth Advisors LLC bought a new stake in Cboe Global Markets in the second quarter worth $33,000. Finally, Physician Wealth Advisors Inc. lifted its position in Cboe Global Markets by 70.5% in the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after buying an additional 55 shares during the last quarter. 82.67% of the stock is owned by institutional investors.

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.