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

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $220.00 target price on shares of Cboe Global Markets in a research report on Monday, November 4th. Barclays cut their price target on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Piper Sandler raised their price target on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and raised their price target for the company from $212.00 to $222.00 in a research note on Monday, November 11th. Finally, Morgan Stanley lowered Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price target on the stock. in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $211.36.

Cboe Global Markets Price Performance

The firm has a 50 day simple moving average of $200.82 and a 200-day simple moving average of $202.32. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a market cap of $21.75 billion, a PE ratio of 105.73 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.03. The business 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% on a year-over-year basis. During the same quarter last year, the company earned $2.06 earnings per share. As a group, research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cboe Global Markets

Institutional investors have recently added to or reduced their stakes in the business. Friedenthal Financial acquired a new stake in Cboe Global Markets in the third quarter worth about $49,000. Brooklyn Investment Group acquired a new stake in Cboe Global Markets in the third quarter worth about $66,000. Intact Investment Management Inc. acquired a new stake in shares of Cboe Global Markets during the third quarter worth about $74,000. Washington Trust Advisors Inc. acquired a new stake in shares of Cboe Global Markets during the third quarter worth about $144,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Cboe Global Markets by 11.6% during the third quarter. Farther Finance Advisors LLC now owns 777 shares of the company’s stock worth $159,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

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.