Cboe Global Markets (NYSE:CBOE) Hits New 12-Month High After Analyst Upgrade


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Cboe Global Markets, Inc. (NYSE:CBOE)’s share price hit a new 52-week high on Monday after Argus raised their price target on the stock from $110.00 to $120.00. Argus currently has a buy rating on the stock. Cboe Global Markets traded as high as $108.82 and last traded at $108.64, with a volume of 19252 shares. The stock had previously closed at $104.37.

CBOE has been the subject of several other reports. Deutsche Bank Aktiengesellschaft boosted their price target on Cboe Global Markets from $107.00 to $117.00 and gave the company a “buy” rating in a research note on Monday. JPMorgan Chase & Co. lowered Cboe Global Markets to an “underweight” rating in a report on Thursday, January 7th. Rosenblatt Securities raised their price target on Cboe Global Markets from $118.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday. Piper Sandler raised shares of Cboe Global Markets to an “overweight” rating and upped their price objective for the stock from $93.00 to $108.00 in a research report on Thursday, March 4th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on shares of Cboe Global Markets from $115.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, April 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $111.75.

The stock has a market cap of $11.56 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 2.86 and a beta of 0.63. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.26. The company has a 50 day simple moving average of $102.10 and a 200 day simple moving average of $94.64.

Cboe Global Markets (NYSE:CBOE) last released its quarterly earnings data on Friday, February 5th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.01). The company had revenue of $307.10 million for the quarter, compared to analyst estimates of $300.91 million. Cboe Global Markets had a return on equity of 17.48% and a net margin of 14.65%. As a group, analysts predict that Cboe Global Markets, Inc. will post 5.21 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Friday, February 26th were issued a dividend of $0.42 per share. The ex-dividend date was Thursday, February 25th. This represents a $1.68 annualized dividend and a dividend yield of 1.56%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 35.52%.

About Cboe Global Markets (NYSE:CBOE)

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through five segments: Options, North American Equities, Futures, European Equities, and Global FX. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.

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