Market Overview

UPDATE: Jefferies Reiterates Hold Rating, Raises PT on CBOE Holdings on 4Q12 Results

Share:
Related CBOE
Analysts See Risks To EPS Upside From CBOE-Bats Deal
CBOE, Bats Deal Viewed Favorably By Jefferies
CBOE's BATS Acquisition Is Well Structured And Provides A Solid Earnings Boost (Seeking Alpha)

In a report published Monday, Jefferies reiterated its Hold rating on CBOE Holdings (NASDAQ: CBOE), and raised its price target from $28.00 $35.00.

Jefferies noted, “Despite the 4Q12 earnings beat ($0.45 vs our $0.43 estimate), our 2013 estimate moves lower reflecting higher than anticipated expense growth. However, fundamentals remain strong as high margin proprietary volumes continue to grow despite generally low volatility across the equity markets. At approx. 19x our 2013 EPS estimate we view the shares as fairly valued.”

CBOE Holdings closed on Friday at $34.30.

Latest Ratings for CBOE

DateFirmActionFromTo
Sep 2016Keefe Bruyette & WoodsMaintainsMarket Perform
Sep 2016Buckingham ResearchUpgradesNeutralBuy
Sep 2016Deutsche BankMaintainsHold

View More Analyst Ratings for CBOE
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (CBOE)

View Comments and Join the Discussion!