Buckingham Research Upgrades CBOE Holdings Inc to Buy with Price Target $77.00

Brokerage firm Buckingham Research Upgrades its rating on CBOE Holdings Inc(NASDAQ:CBOE). In a research note issued to the investors, the brokerage major Raises the price-target to $77.00 per share. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Buckingham Research was issued on Sep 27, 2016.

In a different note, On Sep 27, 2016, RBC Capital said it Downgrades its rating on CBOE Holdings Inc. The shares have been rated ‘Sector Perform’ by the firm. On Sep 27, 2016, Credit Suisse said it Upgrades its rating on CBOE Holdings Inc. In the research note, the firm Raises the price-target to $60.00 per share. The shares have been rated ‘Neutral’ by the firm. On Sep 27, 2016, Deutsche Bank said it Maintains its rating on CBOE Holdings Inc. In the research note, the firm Raises the price-target to $27.00 per share. The shares have been rated ‘Hold’ by the firm. On Sep 9, 2016, Deutsche Bank said it Maintains its rating on CBOE Holdings Inc. In the research note, the firm Raises the price-target to $67.00 per share. The shares have been rated ‘Hold’ by the firm. On Sep 2, 2016, Barclays said it Maintains its rating on CBOE Holdings Inc. In the research note, the firm Lowers the price-target to $54.00 per share. The shares have been rated ‘Underweight’ by the firm. On Aug 11, 2016, Bank of America said it Downgrades its rating on CBOE Holdings Inc. The shares have been rated ‘Underperform’ by the firm.

CBOE Holdings Inc (CBOE) shares turned negative on Fridays trading session with the shares closing down -0.42 points or -0.64% at a volume of 11,71,823. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $65.61. The peak price level was also seen at $65.61 while the days lowest was $64.62. Finally the shares closed at $64.85. The 52-week high of the shares is $72.53 while the 52-week low is $58.43. According to the latest information available, the market cap of the company is $5,271 M.

CBOE Holdings Inc(CBOE) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $163.33M. Analysts had an estimated revenue of $161.25M. Earnings per share were $0.60. Analysts had estimated an EPS of $0.60.

Several Insider Transactions has been reported to the SEC. On Sep 14, 2016, Edward T Tilly (Chief Executive Officer) sold 6,250 shares at $67.86 per share price.Also, On Jun 16, 2016, Gerald T O’connell (Executive VP and CIO) sold 14,909 shares at $65.00 per share price.On Jun 8, 2016, William J Brodsky (director) sold 5,000 shares at $62.82 per share price, according to the Form-4 filing with the securities and exchange commission.

CBOE Holdings Inc. is a holding company. The Company’s principal business is operating markets that offer for trading options on various market indexes (index options) on an exclusive basis and futures contracts as well as on non-exclusive multiply listed options such as options on the stocks of individual corporations (equity options) and options on other exchange-traded products (ETP options) such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options). The Company operates three stand-alone exchanges. CBOE is the Company’s options market and offers trading in listed options through a single system that integrates electronic trading and open outcry trading. The options contracts listed for trading include options on indexes equities and ETPs.

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