Cboe Global Markets (NASDAQ:CBOE) Downgraded to “Sell” Rating by StockNews.com

Cboe Global Markets (NASDAQ:CBOE) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

A number of other analysts have also recently commented on the company. Jefferies Financial Group cut their target price on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 price objective (down from $203.00) on shares of Cboe Global Markets in a report on Tuesday. The Goldman Sachs Group cut shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target for the company. in a research report on Monday. William Blair assumed coverage on shares of Cboe Global Markets in a research report on Thursday. They issued a “market perform” rating for the company. Finally, Barclays lowered shares of Cboe Global Markets from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $230.00 to $220.00 in a research note on Monday, December 9th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $197.60.

Cboe Global Markets Price Performance

Shares of NASDAQ:CBOE traded down $1.76 during midday trading on Friday, hitting $191.23. The company had a trading volume of 779,887 shares, compared to its average volume of 698,377. The stock has a market capitalization of $20.02 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 1.71 and a beta of 0.68. Cboe Global Markets has a twelve month low of $166.13 and a twelve month high of $221.66. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average is $202.04.

Institutional Investors Weigh In On Cboe Global Markets

A number of institutional investors and hedge funds have recently made changes to their positions in CBOE. TD Private Client Wealth LLC boosted its position in Cboe Global Markets by 149.0% during the third quarter. TD Private Client Wealth LLC now owns 371 shares of the company’s stock valued at $76,000 after purchasing an additional 222 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Cboe Global Markets in the third quarter valued at approximately $158,000. Coastwise Capital Group LLC bought a new position in shares of Cboe Global Markets during the third quarter worth approximately $216,000. Rehmann Capital Advisory Group increased its stake in shares of Cboe Global Markets by 5.3% during the third quarter. Rehmann Capital Advisory Group now owns 1,253 shares of the company’s stock worth $257,000 after purchasing an additional 63 shares during the period. Finally, Coldstream Capital Management Inc. increased its stake in shares of Cboe Global Markets by 5.3% during the third quarter. Coldstream Capital Management Inc. now owns 1,318 shares of the company’s stock worth $269,000 after purchasing an additional 66 shares during the period. Institutional investors own 82.67% of the company’s stock.

About Cboe Global Markets

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.