Cboe Global Markets (NASDAQ:CBOE) Stock Rating Upgraded by Morgan Stanley

Cboe Global Markets (NASDAQ:CBOE) was upgraded by equities research analysts at Morgan Stanley from an “underweight” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage presently has a $235.00 price target on the stock. Morgan Stanley’s target price indicates a potential upside of 14.18% from the company’s current price.

A number of other analysts also recently weighed in on the stock. Keefe, Bruyette & Woods reduced 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 research report on Monday, January 13th. The Goldman Sachs Group lowered shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price objective on the stock. in a research note on Monday, January 6th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $174.00 target price (down previously from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Barclays boosted their price target on Cboe Global Markets from $216.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, William Blair started coverage on Cboe Global Markets in a research report on Thursday, January 9th. They set a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $219.30.

Cboe Global Markets Price Performance

Shares of CBOE opened at $205.81 on Tuesday. The business has a 50-day moving average of $212.54. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $21.55 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 1.75 and a beta of 0.47. Cboe Global Markets has a one year low of $166.13 and a one year high of $234.37.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period in the previous year, the firm posted $2.06 earnings per share. Analysts expect that Cboe Global Markets will post 8.96 EPS for the current fiscal year.

Insider Activity at Cboe Global Markets

In other news, EVP Adam Inzirillo sold 200 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the transaction, the executive vice president now directly owns 1,993 shares of the company’s stock, valued at $417,872.31. The trade was a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dave Howson sold 11,036 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the completion of the sale, the executive vice president now owns 8,025 shares in the company, valued at $1,653,230.25. This represents a 57.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,544 shares of company stock valued at $2,380,529 over the last ninety days. Insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

A number of hedge funds have recently added to or reduced their stakes in the stock. NBC Securities Inc. bought a new stake in shares of Cboe Global Markets in the first quarter worth $27,000. Lee Danner & Bass Inc. purchased a new position in Cboe Global Markets in the fourth quarter worth about $29,000. Greenline Partners LLC bought a new stake in shares of Cboe Global Markets during the 4th quarter valued at about $29,000. Kestra Investment Management LLC purchased a new stake in shares of Cboe Global Markets during the 4th quarter valued at about $31,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of Cboe Global Markets in the 4th quarter worth approximately $36,000. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

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.