Jefferies Maintains a 'Hold' on CBOE Holdings (CBOE); Lowering Estimates as Volume Trends Slow

Jefferies maintains a 'Hold' on CBOE Holdings (NASDAQ: CBOE) price target lowered $1 to $26.

Jefferies analyst says, "CBOE reported 4Q Non-GAAP EPS of $0.37, $0.02 better than our estimate and $0.03 better than consensus. Upside was predominantly driven by a lower tax rate. Following these results we are lowering our 1Q and full year 2012 EPS estimates on lower anticipated volumes (1Q and full year 2012 EPS estimates by $0.05 and $0.02 to $0.40 and $1.70, respectively)... At approx. 15.5x our 2012 EPS, we view the shares of CBOE as fairly valued."

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 $26.47 yesterday.

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