In a report released yesterday, Andrew Bond from Rosenblatt Securities maintained a Buy rating on Cboe Global Markets (CBOE – Research Report), with a price target of $192.00. The company’s shares closed yesterday at $176.40.
Bond covers the Financial sector, focusing on stocks such as Cboe Global Markets, CME Group, and Intercontinental Exchange. According to TipRanks, Bond has an average return of 18.0% and a 72.73% success rate on recommended stocks.
In addition to Rosenblatt Securities, Cboe Global Markets also received a Buy from Barclays’s Benjamin Budish in a report issued yesterday. However, on the same day, UBS maintained a Hold rating on Cboe Global Markets (BATS: CBOE).
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Based on Cboe Global Markets’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $919.6 million and a net profit of $207.1 million. In comparison, last year the company earned a revenue of $1 billion and had a net profit of $149.6 million
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CBOE in relation to earlier this year.
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Cboe Global Markets (CBOE) Company Description:
Cboe Global Markets, Inc. engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options. The U.S. Equities segment covers listed cash equities and ETP transaction services that occur on BZX, BYX, EDGX, and EDGA. The Futures comprises the the business of futures exchange, CFE, which includes offering for trading futures on the VIX Index and bitcoin and other futures products. The European Equities segment relates to the pan-European listed cash equities transaction services, ETPs, exchange-traded commodities, and international depository receipts that occur on the RIE, operated by Cboe Europe Equities. The Global FX segment represents the institutional FX trading services that occur on the Cboe FX platform. The company was founded on 1973 and is headquartered in Chicago, IL.
Read More on CBOE:
- Firms eyeing bitcoin ETFs clear big hurdle towards SEC approval, Bloomberg says
- Cboe Global Markets reports December trading volume
- Nasdaq, SEC to meet to discuss spot bitcoin ETFs, The Block reports
- Cboe Global Markets price target raised to $193 from $177 at Piper Sandler
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