Last Updated: 14 Sep 2024
Executive Summary
Cboe Global Markets Inc. (CBOE) is a leading provider of financial exchange services, including options, futures, and equities. The company has a strong financial position with a market capitalization of $21.93 billion and an EBITDA of $1.26 billion. CBOE's fundamentals are solid, with a trailing PE ratio of 29.07, a PEG ratio of 1.75, and a return on equity of 0.20. Technically, the stock is in a neutral trend, with the 50-day moving average above the 200-day moving average. The short-term outlook is mixed, with analysts expecting a modest decline in earnings. However, the long-term outlook is positive, with analysts expecting strong growth in revenue and earnings.
Company Overview
Cboe Global Markets Inc. is an American company that owns the Chicago Board Options Exchange and the stock exchange operator BATS Global Markets. The company provides a wide range of financial exchange services, including options, futures, and equities. CBOE is headquartered in Chicago, Illinois, and has a global presence with offices in London, Amsterdam, and Singapore.
Fundamental Analysis
Cboe Global Markets Inc. has a strong financial position. The company's revenue has grown steadily in recent years, from $3.4 billion in 2019 to $3.8 billion in 2023. The company's net income has also grown steadily, from $1.0 billion in 2019 to $1.3 billion in 2023. CBOE's balance sheet is also strong, with the company having $1.5 billion in cash and equivalents and $1.0 billion in debt.
Cboe Global Markets Inc.'s fundamentals are solid. The company's trailing PE ratio of 29.07 is in line with the industry average. The company's PEG ratio of 1.75 indicates that the company's growth is undervalued by the market. The company's return on equity of 0.20 is also in line with the industry average.
Technical Analysis
Cboe Global Markets Inc.'s stock is in a neutral trend. The stock's 50-day moving average is above the 200-day moving average, which indicates that the stock is in a bullish trend. However, the stock's relative strength index (RSI) is below 50, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for Cboe Global Markets Inc. is mixed. Analysts expect the company's earnings to decline by 0.153% in the next quarter. However, analysts also expect the company's revenue to grow by 0.073% in the next quarter. Overall, the short-term outlook for Cboe Global Markets Inc. is mixed.
Long Term Outlook
The long-term outlook for Cboe Global Markets Inc. is positive. Analysts expect the company's revenue to grow by 5.0% per year over the next five years. Analysts also expect the company's earnings to grow by 7.0% per year over the next five years. Overall, the long-term outlook for Cboe Global Markets Inc. is positive.
Analyst Recommendations
Analysts have a mixed view on Cboe Global Markets Inc. Three analysts have a strong buy rating on the stock, two analysts have a buy rating on the stock, and 11 analysts have a hold rating on the stock. No analysts have a sell rating or a strong sell rating on the stock. The average analyst target price for Cboe Global Markets Inc. is $201.58.
