Cboe Global Markets (BATS:CBOE) Receives Price Target Boost to $206 by Oppenheimer

Analysts at Oppenheimer have recently raised their price target on Cboe Global Markets (BATS:CBOE) from the previous figure of $201.00 to a new target of $206.00. The firm maintains an "outperform" rating on the stock, signaling their expectation of a strong performance relative to the market. With this new price target, Oppenheimer suggests there is a 14.18% potential increase from the stock's last closing price.

Analyst Consensus on Cboe Global Markets

The updated assessment from Oppenheimer arrives amidst mixed opinions from other research analysts. Firm Argus revised their stance by downgrading the company from a "buy" to a "hold" rating. Citigroup raised their price target on Cboe Global Markets to $188.00, maintaining a "neutral" perspective. Rosenblatt Securities, on a more optimistic note, increased their price target to $200.00 and recommended a "buy" rating. Piper Sandler likewise enhanced their price expectation to $193.00 and adorned the stock with an "overweight" rating. Meanwhile, Deutsche Bank adjusted their outlook from "buy" to "hold" setting a target price at $168.00, indicating that they believe the stock is now fully valued. Currently, the aggregate view from analysts presents a "Moderate Buy" position with an average price target consensus of $183.78.

Market Performance and Share Repurchase Program

Opening at $180.41, the Cboe Global Markets stock has experienced a slight decrease by 0.7%. It presents a debt-to-equity ratio of 0.60, along with liquidity ratios above 1. The company has enjoyed a fifty-two week range between its low of $103.82 and high of $139.00, holding a market capitalization of roughly $19.13 billion, with a price-to-earnings ratio of 93.00, and a beta of 0.61. Stock price trends indicate an upward movement with the 50-day and 200-day moving averages at $179.69 and $165.67, respectively.

Regarding the company’s financial performance, Cboe Global Markets reported $2.06 earnings per share (EPS) in the last quarterly earnings, slightly surpassing the consensus estimates by $0.02. The company’s revenue also saw a 9.2% year-over-year increase. Anticipations for the current fiscal year place the EPS at 6.41.

In a significant move, the Board of Directors at Cboe Global Markets approved a share repurchase program, signaling their belief in the undervaluation of the stock. This program is designed to allow the company to buy back $250.00 million worth of its own shares, indicating a substantial commitment to enhancing shareholder value.

Insider and Institutional Investing

Recent insider trading noted the sale of 1,300 shares by EVP Catherine R. Clay, at an average price of $179.62. Such transactions often offer insights into how insiders view the stock's future potential. Moreover, institutional investors hold a significant percentage of the company’s stock, exemplifying the influence and interest of sophisticated market players in Cboe Global Markets.

About Cboe Global Markets

Cboe Global Markets, Inc is a prominent player in the exchange industry, offering a platform for options trading across various global markets. The company operates across diverse segments including North American Equities, European and Asia Pacific markets, Futures, Global FX, and the burgeoning field of Digital assets. This diversity ensures Cboe's presence across multiple asset classes and geographic regions.

Cboe, Oppenheimer, Stocks