Cboe Global Markets (NASDAQ:CBOE) Price Target Cut to $218.00 by Analysts at Oppenheimer

Cboe Global Markets (NASDAQ:CBOE) had its target price dropped by equities researchers at Oppenheimer from $232.00 to $218.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price suggests a potential upside of 13.39% from the company’s current price.

A number of other research firms have also recently issued reports on CBOE. Keefe, Bruyette & Woods boosted their price objective on Cboe Global Markets from $217.00 to $220.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Jefferies Financial Group dropped their price objective on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. William Blair began coverage on shares of Cboe Global Markets in a research report on Thursday. They issued a “market perform” rating for the company. Finally, StockNews.com downgraded Cboe Global Markets from a “hold” rating to a “sell” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $199.67.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock traded up $1.31 during midday trading on Monday, hitting $192.25. The company had a trading volume of 106,461 shares, compared to its average volume of 607,065. Cboe Global Markets has a 1-year low of $166.13 and a 1-year high of $221.66. The company’s 50 day moving average price is $201.78. The company has a market cap of $20.13 billion, a PE ratio of 26.19, a PEG ratio of 1.71 and a beta of 0.68. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Hedge Funds Weigh In On Cboe Global Markets

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of Cboe Global Markets by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company’s stock worth $96,613,000 after purchasing an additional 24,177 shares during the period. Nordea Investment Management AB boosted its holdings in Cboe Global Markets by 16.7% during the fourth quarter. Nordea Investment Management AB now owns 646,670 shares of the company’s stock worth $126,262,000 after buying an additional 92,537 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Cboe Global Markets by 2.0% during the 3rd quarter. Principal Financial Group Inc. now owns 157,158 shares of the company’s stock worth $32,197,000 after buying an additional 3,155 shares during the period. Tri Ri Asset Management Corp bought a new stake in shares of Cboe Global Markets in the 3rd quarter valued at about $5,499,000. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Cboe Global Markets in the 3rd quarter valued at approximately $7,647,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

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.