Cboe Global Markets (NASDAQ:CBOE) Upgrade of Rating

Cboe Global Markets (NASDAQ:CBOE)’s stock was raised to Buy by equity analysts at Rosenblatt. CBOE’s Neutral rating is no longer valid.

Despite the company’s rating upgrade NASDAQ:CBOE is currently trading 0.00% lower at $92.79 as of 4:06 PM New York time. Cboe Global Markets’s stock is 0% over the last 200 days. It has underperformed the S&P 500 Index, which has surged 6.00% over the same time.

According to data compiled by Thomson Reuters, Cboe Global Markets (NASDAQ:CBOE)’s stock is covered by 13 equity analysts across the Street, with 5 analysts giving it a Sell rating, 1 a Buy rating, while 11 consider it a Hold. The 12-month consensus target price for the stock is $63, which reflects an downside potential of 32.10% over the current price.

Institutional Ownership

Herndon Capital Management Llc had the biggest stake with ownership of 814,428 shares as of q2 2015 for 2.64% of the fund portfolio. Van Berkom & Associates Inc. is another quite bullish institutional investor who is owning 907,893 shares of Cboe Global Markets or 2.5% of their fund portfolio. Furthermore, Alpenglow Capital Lp have 2.33% of their fund portfolio invested in the company for 45,291 shares. The New York-based fund Horizon Kinetics Llc disclosed it had bought so far a stake worth about 1.9% of the institutional investor’s stock portfolio in Cboe Global Markets. The Virginia-based fund Outfitter Advisors Ltd. is also positive about the stock, possessing 1.05 million shares or 1.82% of their fund portfolio.

Cboe Global Markets (NASDAQ:CBOE) Profile

CBOE Holdings, Inc. is a holding company. The Company’s principal business is operating markets that offer for trading options on various market indexes (index options), on an exclusive basis, and futures contracts, as well as on non-exclusive multiply listed options, such as options on the stocks of individual corporations (equity options), and options on other exchange-traded products (ETP options), such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options). The Company’s subsidiaries include Chicago Board Options Exchange, Incorporated (CBOE), CBOE Futures Exchange, LLC (CFE), C2 Options Exchange, Incorporated (C2), Market Data Express, LLC and Chicago Options Exchange Building Corporation.

Cboe Global Markets (NASDAQ:CBOE) closed at $92.79 yesterday. A total of shares of the company’s stock traded hands. This is down from average of 1.17M shares. Cboe Global Markets has a 52 week low of $61.58 and a 52 week high of $93.55. The company has a market cap of $10.41B and a P/E ratio of 50.53.

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