Cboe Global Markets, Inc. (CBOE) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Cboe Global Markets, Inc. (CBOE), headquartered in Chicago, Illinois, is a preeminent player in the financial services sector, specializing in stock exchanges and options platforms worldwide. Established in 1973, Cboe operates under a diversified model that includes options, North American equities, futures, foreign exchange, and digital assets. The company provides transaction services across U.S. and Canadian equities while forming strategic alliances with key indices and financial data providers, enhancing its position in the Financial Exchanges & Data sub-industry.
Investment Performance and Recommendations
For investors considering Cboe stock, a strong buy recommendation has been issued, with a target high price set at $230.00. This bullish outlook is supported by the company’s impressive total revenue of approximately $3.81 billion, showcasing its robust market position and growth prospects. Currently trading at $208.21, below the target price, CBOE represents an attractive opportunity for price appreciation. The average recommendation leans towards a “buy” with a mean score of 2.5 from 12 analysts, reflecting a generally favorable sentiment amid market fluctuations.
Short Interest and Price Dynamics
Cboe has a total of 104,634,000 shares outstanding, with approximately 2.98% identified as short positions, indicating investor confidence in the stock’s resilience. The calculated mean price stands at $201.58, slightly above the median target of $200.00, suggesting balance among analyst forecasts. The stock’s current position, trading below its fifty-two week high of $216.14 and above its low of $154.22, illustrates a significant range of performance over the past year. Additionally, the fifty-day moving average of $199.56 indicates prevailing momentum, which investors may use to gauge future performance trends.
Overall, Cboe Global Markets, Inc. presents a compelling investment opportunity with strong financial fundamentals, a positive outlook from analysts, and a relatively low short interest signaling confidence in price stability and growth.
| Metric | Value |
|---|---|
| Market Cap | $21.8b |
| Total Debt | $1.6b |
| Total Cash | $698.3m |
| Shares Outstanding | 104.6m |
| Float Shares | 104.1m |
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