Cboe Global Markets (NASDAQ:CBOE) Receives “Underweight” Rating from JPMorgan Chase & Co.

Cboe Global Markets (NASDAQ:CBOE)‘s stock had its “underweight” rating reiterated by analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday, MarketBeat reports. They presently have a $174.00 price objective on the stock, down from their previous price objective of $203.00. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 9.84% from the stock’s previous close.

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

Cboe Global Markets Price Performance

NASDAQ:CBOE opened at $192.99 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets has a one year low of $166.13 and a one year high of $221.66. The stock has a market cap of $20.20 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 1.71 and a beta of 0.68.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Erste Asset Management GmbH bought a new stake in shares of Cboe Global Markets during the 3rd quarter worth $11,191,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Cboe Global Markets during the third quarter worth about $158,000. Benjamin Edwards Inc. raised 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 worth $6,203,000 after acquiring an additional 29,778 shares during the period. Coastwise Capital Group LLC purchased a new position in Cboe Global Markets in the third quarter valued at about $216,000. Finally, Harmony Asset Management LLC bought a new position in shares of Cboe Global Markets during the 3rd quarter valued at approximately $15,175,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

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.