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

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their price target for the company from $212.00 to $222.00 in a research note on Monday, November 11th. Morgan Stanley cut 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $220.00 price objective on shares of Cboe Global Markets in a research report on Monday, November 4th. Finally, Barclays lowered their price objective 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $211.36.

Cboe Global Markets Trading Up 5.7 %

The stock has a fifty day moving average of $199.56 and a 200 day moving average of $204.94. 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 company has a market capitalization of $21.67 billion, a PE ratio of 105.03 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, February 7th. The company reported $2.10 EPS 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%. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Northwest & Ethical Investments L.P. raised its holdings in shares of Cboe Global Markets by 13.6% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 43,508 shares of the company’s stock worth $8,913,000 after acquiring an additional 5,200 shares in the last quarter. Financial Counselors Inc. purchased a new stake in shares of Cboe Global Markets during the 3rd quarter worth approximately $328,000. Public Sector Pension Investment Board raised its holdings in shares of Cboe Global Markets by 2.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 18,197 shares of the company’s stock worth $3,728,000 after acquiring an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Cboe Global Markets by 3.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,993 shares of the company’s stock worth $11,018,000 after acquiring an additional 1,753 shares in the last quarter. Finally, CreativeOne Wealth LLC raised its holdings in shares of Cboe Global Markets by 106.5% during the 3rd quarter. CreativeOne Wealth LLC now owns 4,658 shares of the company’s stock worth $954,000 after acquiring an additional 2,402 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

About Cboe Global Markets

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.