JPMorgan Chase & Co. Reaffirms Underweight Rating for Cboe Global Markets (NASDAQ:CBOE)

Cboe Global Markets (NASDAQ:CBOE)‘s stock had its “underweight” rating restated by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $174.00 target price on the stock, down from their previous target price of $203.00. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 9.26% from the company’s previous close.

CBOE has been the topic of a number of other reports. StockNews.com upgraded shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Friday, December 27th. Keefe, Bruyette & Woods raised their price objective on shares of Cboe Global Markets from $217.00 to $220.00 and gave the company a “market perform” rating in a report on Friday, December 20th. The Goldman Sachs Group downgraded shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price for the company. in a research note on Monday. Finally, Barclays downgraded Cboe Global Markets from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $230.00 to $220.00 in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $199.50.

Cboe Global Markets Stock Performance

Shares of NASDAQ CBOE opened at $191.76 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock has a market cap of $20.07 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 1.71 and a beta of 0.68. Cboe Global Markets has a 1-year low of $166.13 and a 1-year high of $221.66.

Institutional Investors Weigh In On Cboe Global Markets

A number of institutional investors and hedge funds have recently bought and sold shares of CBOE. TD Private Client Wealth LLC grew its holdings in shares of Cboe Global Markets by 149.0% during the third quarter. TD Private Client Wealth LLC now owns 371 shares of the company’s stock worth $76,000 after purchasing an additional 222 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Cboe Global Markets during the 3rd quarter worth approximately $158,000. Coastwise Capital Group LLC acquired a new position in Cboe Global Markets during the third quarter worth approximately $216,000. Rehmann Capital Advisory Group lifted its stake in Cboe Global Markets by 5.3% in the third quarter. Rehmann Capital Advisory Group now owns 1,253 shares of the company’s stock valued at $257,000 after buying an additional 63 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of Cboe Global Markets by 5.3% in the third quarter. Coldstream Capital Management Inc. now owns 1,318 shares of the company’s stock valued at $269,000 after acquiring an additional 66 shares during the period. 82.67% of the stock is owned by hedge funds and other 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.