Barclays Maintains an 'Equalweight' on CBOE Holdings (CBOE); Shares Fully Valued After June Review

July 3, 2012 12:35 PM EDT Send to a Friend
Get Alerts CBOE Hot Sheet
Price: $64.47 +2.69%

Rating Summary:
    5 Buy, 9 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 21 | Down: 43 | New: 52
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Barclays maintains an 'Equalweight' on CBOE Holdings (NASDAQ: CBOE) price target unchanged at $25.00.

Analyst, Roger A. Freeman, said, "With slightly weaker-than-expected volumes roughly cancelling out better-than-forecast pricing trends, our 2Q12 EPS estimate remains unchanged at $0.41. We continue to believe shares appear fully valued given the near-term challenges on the volume front as we move into the summer season."

NOTE - June average daily volume was down 7% sequentially. Total equity options ADV fell 7% sequentially as well. Market share was a slight gain (23.6% compared to 23.0%)

For an analyst ratings summary and ratings history on CBOE Holdings click here. For more ratings news on CBOE Holdings click here.

Shares of CBOE Holdings closed at $27.90 yesterday.


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