CBOE (CBOE) VIX Segment Strong But Analyst Thinks Valuation Full

February 11, 2013 10:13 AM EST Send to a Friend
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Price: $58.97 -0.87%

Rating Summary:
    5 Buy, 10 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 16 | New: 41
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Jefferies today maintained a Hold rating on CBOE Holdings (NASDAQ: CBOE) and raised its price target to $35.00 (from $28.00). The company reported Q4 results last Friday.

"While CBOE's multiply listed options businesses continue to come under pressure (equity and ETF options), the proprietary products business continues to do well, especially VIX," said analyst Daniel T. Fannon.

VIX futures grew 100 percent year-over-year and revenues from the segment are poised to exceed revenues from each of the equity ETF options segments, pointed out the analyst.

Fannon thinks shares of CBOE are fairly valued.

For an analyst ratings summary and ratings history on CBOE Holdings (NASDAQ: CBOE) click here. For more ratings news on CBOE Holdings click here.

Shares of CBOE Holdings closed at $34.46 yesterday.


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