Cboe Global Markets, Inc. (NASDAQ:CBOE) Receives Consensus Recommendation of “Reduce” from Analysts

Cboe Global Markets, Inc. (NASDAQ:CBOE) has earned a consensus recommendation of “Reduce” from the seven brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $198.83.

A number of equities analysts recently weighed in on CBOE shares. StockNews.com cut Cboe Global Markets from a “hold” rating to a “sell” rating in a report on Friday, January 10th. Jefferies Financial Group decreased their target price on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, January 9th. Barclays cut their price target on shares of Cboe Global Markets from $220.00 to $212.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a report on Monday, January 13th.

Cboe Global Markets Stock Down 0.8 %

CBOE opened at $204.33 on Monday. 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 company has a fifty day moving average price of $200.27. Cboe Global Markets has a 52 week low of $166.13 and a 52 week high of $221.66. The company 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC increased its stake in shares of Cboe Global Markets by 0.3% during the third quarter. Janus Henderson Group PLC now owns 1,528,295 shares of the company’s stock valued at $313,090,000 after purchasing an additional 5,216 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Cboe Global Markets by 5.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 673,030 shares of the company’s stock valued at $131,510,000 after buying an additional 36,710 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Cboe Global Markets by 16.7% in the fourth 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 in the last quarter. Barclays PLC increased its holdings in shares of Cboe Global Markets by 27.9% during the third quarter. Barclays PLC now owns 535,284 shares of the company’s stock valued at $109,662,000 after acquiring an additional 116,852 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings 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 valued at $96,613,000 after acquiring an additional 24,177 shares in the last quarter. 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.