Cboe Global Markets Inc. (CBOE) shares projected to rise by -11.46%

A share price of Cboe Global Markets Inc. [CBOE] is currently trading at $180.00, up 0.49%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CBOE shares have gain 0.65% over the last week, with a monthly amount drifted -2.08%, and not seem to be holding up well over a long-time horizon.

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On 3, April 2024, Cboe Global Markets Reports Trading Volume for March 2024. In a post published today on Yahoo Finance, Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, today reported March 2024 trading volume statistics across its global business lines and provided guidance for selected revenue per contract/net revenue capture metrics for the first quarter of 2024.

From an analyst’s perspective:

Cboe Global Markets Inc. [AMEX: CBOE] stock has seen the most recent analyst activity on April 09, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also revised its price target to $199 from $211. Previously, Barclays upgraded its rating to Overweight on January 08, 2024, and elevated its price target to $204. On November 16, 2023, downgrade downgraded it’s rating to Hold. Deutsche Bank downgraded its rating to a Hold but stick to its price target of $168 on October 11, 2023. Barclays started tracking with a Equal Weight rating for this stock on June 28, 2023, and assigned it a price target of $146. In a note dated January 05, 2023, Credit Suisse upgraded an Outperform rating on this stock and revised its target price from $159 to $144.

Cboe Global Markets Inc. experienced fluctuations in its stock price throughout the past year between $130.91 and $199.00. Currently, Wall Street analysts expect the stock to reach $159.38 within the next 12 months. Cboe Global Markets Inc. [AMEX: CBOE] shares were valued at $180.00 at the most recent close of the market. An investor can expect a potential drop of -11.46% based on the average CBOE price forecast.

Analyzing the CBOE fundamentals

Trailing Twelve Months sales for Cboe Global Markets Inc. [AMEX:CBOE] were 3.77B which represents -3.58% decline. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.2 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.37.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 178.95 points at the first support level, and at 177.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 181.17, and for the 2nd resistance point, it is at 182.35.

Cboe Global Markets Inc. [CBOE] reported earnings per share of $2.06 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.03/share, meaning a difference of $0.03 and a surprise factor of 1.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.06 per share as compared to estimates of $1.86 per share, a difference of $0.2 representing a surprise of 10.80%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 5.04, the price to book ratio is 4.77 and price to earnings (TTM) ratio is 25.22.

Transactions by insiders

Recent insider trading involved Sexton John P, EVP, GC AND CORP SEC, that happened on Mar 11 ’24 when 6968.0 shares were sold. SVP, CHIEF ACCOUNTING OFFICER, Wilkinson Allen completed a deal on Mar 11 ’24 to sell 275.0 shares. Meanwhile, EVP, GLOBAL PRESIDENT Howson Dave sold 5322.0 shares on Feb 20 ’24.

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