Stock Rating Upgrade
The Value Trend Rating for Cboe Global Markets Inc (BATS: CBOE) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/1/24, Cboe Global Markets Inc (BATS: CBOE) stock declined by -2.6%, closing at $187.02. Moreover, this decline was accompanied by above average trading volume at 133% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -4.3% during the last week.
Current PriceTarget Research Rating
CBOE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Cboe Global Markets has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Cboe Global Markets has a slightly negative Appreciation Score of 32 but a very high Power Rating of 97, leading to the Positive Value Trend Rating.
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