Cboe Global Markets, Inc. (NYSE:CBOE) is one of the best performers on the stock market today. At current price of $89.79, the shares have already added 9.79 points (12.24% higher) from its previous close of $80. Should you buy or avoid them? The stock sets an active trading volume day with a reported 403025 contracts so far this session. CBOE shares had a relatively better volume day versus average trading capacity of 950.55 thousand shares, but with a 0.11 billion float and a 5.47% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for CBOE stock indicates that the average analyst price target is $123.86 per share. This means the stock has a potential increase of 37.94% from where the CBOE share price has been trading recently.
During the recent trading session for Cboe Global Markets, Inc. (NYSE:CBOE), the company witnessed their stock rise $5.57 over a week and tumble down $-32.75 from the price 20 days ago. When compared to their established 52-week high of $127.93, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 06/02/20. The recent low of $72.01 stood for a -29.81% since 03/19/20, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Cboe Global Markets, Inc., the two-week RSI stands at 42.33. This figure suggests that CBOE stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current CBOE readings is similarly very revealing as it has a stochastic reading of 22.1% at this stage. This figure means that CBOE share price today is being overbought.
Technical chart claims that Cboe Global Markets, Inc. (CBOE) would settle between $83.42/share to $86.84/share level. However, if the stock price goes below the $76.7 mark, then the market for Cboe Global Markets, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $73.4 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.78. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at BofA/Merrill raised their recommendation on shares of CBOE from Underperform to Neutral in their opinion released on February 28. Compass Point analysts have lowered their rating of Cboe Global Markets, Inc. (NYSE:CBOE) stock from Buy to Neutral in a separate flash note issued to investors on February 10. Analysts at Credit Suisse, made their first call for the equity with a Neutral recommendation, according to a research note that dated back to December 16.
CBOE equity has an average rating of 2.71, with the figure leaning towards a bullish end. 17 analysts who tracked the company were contacted by Reuters. Amongst them, 12 rated the stock as a hold while the remaining 5 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 5 analysts rated Cboe Global Markets, Inc. (NYSE:CBOE) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, CBOE stock price is currently trading at 14.9X forward 12-month Consensus EPS estimates, and its P/E ratio is 24 while for the average stock in the same group, the multiple is 25.6. Cboe Global Markets, Inc. current P/B ratio of 2.6 means it is trading at a discount against its industry’s 4.7.
Cboe Global Markets, Inc. (CBOE)’s current-quarter revenues are projected to climb by nearly 12.2% to hit $314700, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 9.1% from $1.14 billion to a noteworthy $1.24 billion. At the other end of the current quarter income statement, Cboe Global Markets, Inc. is expected to see its adjusted earnings surge by roughly 18% to hit $1.31 per share. For the fiscal year, CBOE’s earnings are projected to climb by roughly 7.2% to hit $5.07 per share.