Cboe Global Markets (BATS:CBOE) Reaches New 52-Week High – Time to Buy?

Cboe Global Markets, Inc. (BATS:CBOE) reached a new 52-week high on Tuesday . The stock traded as high as $194.36 and last traded at $202.96, with a volume of 1780143 shares changing hands. The stock had previously closed at $193.37.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CBOE. Royal Bank of Canada reissued a “sector perform” rating and set a $220.00 target price on shares of Cboe Global Markets in a research report on Monday, November 4th. Barclays cut their target price on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and upped their price objective for the company from $212.00 to $222.00 in a research report on Monday, November 11th. Finally, Morgan Stanley downgraded Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price objective on the stock. in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus price target of $211.36.

Cboe Global Markets Stock Up 5.7 %

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $21.67 billion, a PE ratio of 105.03 and a beta of 0.61. The business has a 50 day moving average of $199.56 and a two-hundred day moving average of $204.94.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.03). Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Institutional Investors Weigh In On Cboe Global Markets

A number of hedge funds have recently made changes to their positions in CBOE. BNP Paribas Financial Markets raised its stake in Cboe Global Markets by 215.7% in the third quarter. BNP Paribas Financial Markets now owns 376,190 shares of the company’s stock valued at $77,070,000 after buying an additional 257,016 shares during the last quarter. Raymond James & Associates raised its stake in Cboe Global Markets by 311.3% in the third quarter. Raymond James & Associates now owns 231,429 shares of the company’s stock valued at $47,413,000 after buying an additional 175,159 shares during the last quarter. Swedbank AB raised its stake in Cboe Global Markets by 305.2% in the third quarter. Swedbank AB now owns 94,392 shares of the company’s stock valued at $19,338,000 after buying an additional 71,097 shares during the last quarter. Forum Financial Management LP raised its stake in Cboe Global Markets by 2,782.2% in the third quarter. Forum Financial Management LP now owns 56,462 shares of the company’s stock valued at $11,567,000 after buying an additional 54,503 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in Cboe Global Markets by 8.4% in the third quarter. Los Angeles Capital Management LLC now owns 668,834 shares of the company’s stock valued at $137,024,000 after buying an additional 51,793 shares during the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Company Profile

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