Cboe Global Markets (NASDAQ:CBOE) Sets New 12-Month High – Should You Buy?

Cboe Global Markets, Inc. (NASDAQ:CBOE) shares reached a new 52-week high during trading on Thursday . The company traded as high as $262.98 and last traded at $260.88, with a volume of 666928 shares changing hands. The stock had previously closed at $259.25.

Wall Street Analysts Forecast Growth

CBOE has been the subject of several research analyst reports. Oppenheimer set a $265.00 target price on shares of Cboe Global Markets and gave the company an “outperform” rating in a report on Monday, August 4th. Morgan Stanley reiterated an “underweight” rating and issued a $221.00 price objective on shares of Cboe Global Markets in a research note on Wednesday, October 1st. Zacks Research upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Loop Capital set a $287.00 price target on Cboe Global Markets in a report on Monday, November 3rd. Finally, UBS Group increased their price target on Cboe Global Markets from $255.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and an average target price of $243.38.

Cboe Global Markets Stock Down 0.6%

The firm’s 50-day simple moving average is $242.03 and its two-hundred day simple moving average is $236.65. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company has a market capitalization of $27.04 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 1.75 and a beta of 0.42.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.22 earnings per share. Sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Institutional Trading of Cboe Global Markets

Several institutional investors and hedge funds have recently made changes to their positions in CBOE. Schonfeld Strategic Advisors LLC raised its stake in shares of Cboe Global Markets by 1,122.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 36,656 shares of the company’s stock valued at $8,990,000 after acquiring an additional 33,658 shares during the period. Creative Planning raised its position in Cboe Global Markets by 24.4% in the third quarter. Creative Planning now owns 12,442 shares of the company’s stock valued at $3,051,000 after purchasing an additional 2,443 shares during the period. Polar Asset Management Partners Inc. acquired a new position in shares of Cboe Global Markets during the third quarter worth about $625,000. Credit Agricole S A purchased a new stake in shares of Cboe Global Markets in the third quarter worth about $70,475,000. Finally, Equitable Holdings Inc. purchased a new stake in shares of Cboe Global Markets during the 3rd quarter valued at about $245,000. 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.