Cboe Global Markets, Inc. (NASDAQ:CBOE) Given Average Recommendation of “Reduce” by Analysts

Cboe Global Markets, Inc. (NASDAQ:CBOE) has earned an average rating of “Reduce” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $198.83.

CBOE has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reduced their target price on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a report on Monday, January 13th. Barclays reduced their price objective on Cboe Global Markets from $220.00 to $212.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. StockNews.com cut Cboe Global Markets from a “hold” rating to a “sell” rating in a research note on Friday, January 10th. 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 for the company. in a research report on Monday, January 6th. Finally, Oppenheimer lowered their price objective on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th.

Institutional Trading of Cboe Global Markets

Institutional investors have recently modified their holdings of the business. E. Ohman J or Asset Management AB grew its holdings in Cboe Global Markets by 4,157.6% during the 4th quarter. E. Ohman J or Asset Management AB now owns 155,616 shares of the company’s stock valued at $30,407,000 after buying an additional 151,961 shares in the last quarter. abrdn plc grew its stake in Cboe Global Markets by 341.2% during the fourth quarter. abrdn plc now owns 190,017 shares of the company’s stock valued at $37,145,000 after acquiring an additional 146,945 shares in the last quarter. Barclays PLC increased its holdings in Cboe Global Markets by 27.9% during the 3rd quarter. Barclays PLC now owns 535,284 shares of the company’s stock worth $109,662,000 after acquiring an additional 116,852 shares during the period. Nordea Investment Management AB increased its holdings in Cboe Global Markets by 16.7% during the 4th quarter. Nordea Investment Management AB now owns 646,670 shares of the company’s stock worth $126,262,000 after acquiring an additional 92,537 shares during the period. Finally, Harmony Asset Management LLC bought a new position in Cboe Global Markets in the 3rd quarter valued at $15,175,000. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $204.33 on Monday. Cboe Global Markets has a fifty-two week low of $166.13 and a fifty-two week high of $221.66. 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’s 50-day moving average price is $200.27. The stock has a market capitalization of $21.39 billion, a PE ratio of 27.84, a PEG ratio of 2.10 and a beta of 0.68.

About Cboe Global Markets

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.