StockNews.com Downgrades Cboe Global Markets (NASDAQ:CBOE) to Sell

Cboe Global Markets (NASDAQ:CBOE) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Several other analysts have also weighed in on CBOE. Keefe, Bruyette & Woods upped their target price on Cboe Global Markets from $217.00 to $220.00 and gave the company a “market perform” rating in a report on Friday, December 20th. William Blair began coverage on shares of Cboe Global Markets in a report on Thursday. They set a “market perform” rating for the company. Jefferies Financial Group cut their target price on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday. The Goldman Sachs Group lowered shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target on the stock. in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 price objective (down from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and a consensus target price of $197.60.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $191.23 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets has a one year low of $166.13 and a one year high of $221.66. The firm has a market capitalization of $20.02 billion, a P/E ratio of 26.05, a P/E/G ratio of 1.71 and a beta of 0.68. The firm has a fifty day simple moving average of $201.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Rehmann Capital Advisory Group raised its holdings in Cboe Global Markets by 5.3% during the third quarter. Rehmann Capital Advisory Group now owns 1,253 shares of the company’s stock worth $257,000 after purchasing an additional 63 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of Cboe Global Markets by 5.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,318 shares of the company’s stock valued at $269,000 after purchasing an additional 66 shares during the period. Sunbelt Securities Inc. raised its stake in shares of Cboe Global Markets by 3.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,152 shares of the company’s stock worth $441,000 after buying an additional 71 shares in the last quarter. Fortem Financial Group LLC lifted its holdings in shares of Cboe Global Markets by 1.6% in the fourth quarter. Fortem Financial Group LLC now owns 6,119 shares of the company’s stock valued at $1,196,000 after buying an additional 99 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in Cboe Global Markets by 5.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 3,134 shares of the company’s stock valued at $612,000 after buying an additional 170 shares in the last quarter. Institutional investors 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.