CBOE Holdings Inc (NASDAQ:CBOE) Receives a Downgrade
Researchers at Raymond James’s equity division cut the rating for shares of CBOE Holdings Inc (NASDAQ:CBOE) from a Outperform to a Market Perform on Tuesday morning.
From a total of 13 analysts covering CBOE Holdings Inc (NASDAQ:CBOE) stock, 2 rate it a ”Buy”, 2 a “Sell”, and 10 a ”Hold”. This means that 14% of the ratings are positive. The highest target price is $74 while the lowest target price is $53. The mean of all analyst targets is $64.69 with a -7.64% below today’s ($70.16) stock price. CBOE Holdings Inc was the topic of 21 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on November 2 with “Neutral” rating. Wood maintained CBOE stock in a recent report from September 9 with “Market Perform” rating. Finally, Standpoint Research maintained the stock with “Hold” rating in a report issued on an August 9.
Approximately 482,196 shares of stock traded hands. CBOE Holdings, Inc (NASDAQ:CBOE) has risen 26.46% since April 28, 2015 and is uptrending. It has outperformed by 28.09% the S&P500.
CBOE Holdings, Inc., is a holding company. The company has a market cap of $5.80 billion. The Company’s principal business is operating markets that offer for trading options on various market indexes , on an exclusive basis and futures contracts, as well as on non-exclusive multiply listed options, such as options on the stocks of individual firms (equity options) and options on other exchange-traded products (ETP options), such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options). It has 28.85 P/E ratio. The Firm operates three stand-alone exchanges.
According to Zacks Investment Research, “CBOE Holdings, Inc. operates as the holding company for Chicago Board Options Exchange (CBOE), which is an options exchange which operates as an organized marketplace for the trade of standardized, listed options on equity securities. CBOE offers equity, index and ETF options, including proprietary products, such as S&P 500 options (SPX), and options on the CBOE Volatility Index (VIX). Other products engineered by the Company include equity options, security index options, LEAPS options, FLEX options, and CBOE S&P 500 BuyWrite Index (BXM). Its Hybrid Trading System incorporates electronic and open outcry trading, enabling customers to choose their trading method. CBOE’s Hybrid is powered by CBOEdirect, a proprietary, state-of-the-art electronic platform that also supports the CBOE Futures Exchange (CFE), CBOE Stock Exchange (CBSX) and OneChicago. CBOE Holdings, Inc. is based in Chicago, Illinois.” Get a free copy of the Zacks research report on CBOE Holdings, Inc (CBOE)