BidaskClub downgraded shares of Cboe Global Markets (NASDAQ:CBOE) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

Other analysts have also issued reports about the company. Barclays decreased their target price on Cboe Global Markets from $127.00 to $110.00 and set an equal weight rating for the company in a research report on Monday, February 12th. Wells Fargo reaffirmed an outperform rating and issued a $120.00 target price (down from $138.00) on shares of Cboe Global Markets in a research report on Monday, February 12th. Deutsche Bank raised Cboe Global Markets from a hold rating to a buy rating and decreased their target price for the company from $137.00 to $120.00 in a research report on Monday, February 12th. Goldman Sachs lowered Cboe Global Markets from a buy rating to a neutral rating in a research report on Wednesday, February 7th. Finally, JPMorgan Chase decreased their target price on Cboe Global Markets from $110.00 to $108.00 and set a hold rating for the company in a research report on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $119.17.

Shares of Cboe Global Markets stock opened at $110.16 on Wednesday. Cboe Global Markets has a one year low of $81.85 and a one year high of $138.54. The stock has a market capitalization of $12,341.70, a P/E ratio of 32.22, a PEG ratio of 1.41 and a beta of 0.62. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 1.30.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, February 9th. The financial services provider reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). Cboe Global Markets had a net margin of 17.80% and a return on equity of 12.74%. The firm had revenue of $265.60 million during the quarter, compared to the consensus estimate of $267.25 million. During the same period in the previous year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up 85.7% on a year-over-year basis. analysts expect that Cboe Global Markets will post 4.61 EPS for the current fiscal year.

Cboe Global Markets declared that its board has initiated a share repurchase plan on Tuesday, February 27th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

A number of hedge funds have recently added to or reduced their stakes in the business. Grandeur Peak Global Advisors LLC acquired a new position in Cboe Global Markets during the 4th quarter valued at about $349,000. Xact Kapitalforvaltning AB boosted its stake in Cboe Global Markets by 15.7% during the 4th quarter. Xact Kapitalforvaltning AB now owns 9,632 shares of the financial services provider’s stock valued at $1,200,000 after purchasing an additional 1,305 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Cboe Global Markets by 40.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,604 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 466 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Cboe Global Markets by 3.7% during the 4th quarter. William Blair Investment Management LLC now owns 945,317 shares of the financial services provider’s stock valued at $117,777,000 after purchasing an additional 33,594 shares during the last quarter. Finally, Altman Advisors Inc. acquired a new position in Cboe Global Markets during the 4th quarter valued at about $4,134,000. Institutional investors and hedge funds own 84.40% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Cboe Global Markets (CBOE) Cut to Sell at BidaskClub” was published by Daily Political and is owned by of Daily Political. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.dailypolitical.com/2018/04/21/cboe-global-markets-cboe-cut-to-sell-at-bidaskclub.html.

About Cboe Global Markets

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange in the United States. The company operates in five segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment trades in listed market indexes. The U.S. Equities segment trades in listed cash equities; and provides exchange-traded products (ETP) transaction and ETP listing services.

Analyst Recommendations for Cboe Global Markets (NASDAQ:CBOE)

Receive News & Ratings for Cboe Global Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cboe Global Markets and related companies with MarketBeat.com's FREE daily email newsletter.