Cboe Global Markets (BATS:CBOE) Hits New 52-Week High – Time to Buy?

Shares of Cboe Global Markets, Inc. (BATS:CBOE) hit a new 52-week high on Monday . The stock traded as high as $194.36 and last traded at $209.18, with a volume of 1780143 shares trading hands. The stock had previously closed at $193.37.

Analyst Ratings Changes

CBOE has been the topic of several analyst reports. Morgan Stanley downgraded Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price on the stock. in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and lifted their target price for the company from $212.00 to $222.00 in a research note on Monday, November 11th. 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 report on Tuesday, October 8th. Barclays reduced their price target on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $220.00 price objective on shares of Cboe Global Markets in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $211.36.

Cboe Global Markets Price Performance

The company has a market capitalization of $22.09 billion, a P/E ratio of 105.72 and a beta of 0.61. The company has a fifty day moving average price of $200.43 and a 200 day moving average price of $203.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, November 1st. The company reported $2.22 EPS for the quarter, beating the consensus estimate of $2.19 by $0.03. The company had revenue of $532.00 million during the quarter, compared to analyst estimates of $530.46 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.06 earnings per share. On average, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Cboe Global Markets

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

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.