Brokerages Set Cboe Global Markets, Inc. (NASDAQ:CBOE) Target Price at $198.83

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) have received an average recommendation of “Reduce” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $198.83.

A number of equities analysts have issued reports on the company. Oppenheimer reduced their target price on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Jefferies Financial Group reduced their price objective on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, January 9th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $174.00 target price (down previously from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods cut their target price on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Finally, William Blair began coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They issued a “market perform” rating for the company.

Institutional Trading of Cboe Global Markets

A number of institutional investors have recently modified their holdings of the company. Erste Asset Management GmbH bought a new position in shares of Cboe Global Markets during the 3rd quarter worth approximately $11,191,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cboe Global Markets during the third quarter worth $158,000. Benjamin Edwards Inc. grew its position in Cboe Global Markets by 5,967.5% in the third quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock valued at $6,203,000 after purchasing an additional 29,778 shares in the last quarter. Coastwise Capital Group LLC acquired a new stake in Cboe Global Markets in the 3rd quarter valued at $216,000. Finally, Harmony Asset Management LLC bought a new stake in Cboe Global Markets during the 3rd quarter worth about $15,175,000. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Price Performance

Shares of NASDAQ CBOE opened at $208.28 on Monday. Cboe Global Markets has a fifty-two week low of $166.13 and a fifty-two week high of $221.66. The firm has a market capitalization of $21.80 billion, a price-to-earnings ratio of 28.38, a P/E/G ratio of 2.10 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a 50 day simple moving average of $199.84.

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.