CME Group Given New $75.50 Price Target at JPMorgan Chase & Co. (CME)
Equities research analysts at JPMorgan Chase & Co. hoisted their target price on shares of CME Group (NYSE:CME) from $72.00 to $75.50 in a research note issued to investors on Wednesday, American Banking News reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential downside of 1.31% from the stock’s previous close.
CME has been the subject of a number of other recent research reports. Analysts at Compass Point raised their price target on shares of CME Group from $70.00 to $75.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods upgraded shares of CME Group from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, September 25th. They now have a $89.00 price target on the stock, up previously from $81.00. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of CME Group in a research note to investors on Tuesday, September 3rd. They now have a $86.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $69.03.
Shares of CME Group (NYSE:CME) opened at 76.50 on Wednesday. CME Group has a one year low of $49.79 and a one year high of $79.45. The stock’s 50-day moving average is $72.62 and its 200-day moving average is $68.00. The company has a market cap of $25.574 billion and a P/E ratio of 27.48.
CME Group (NYSE:CME) last released its earnings data on Thursday, August 1st. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.06. The company had revenue of $816.00 million for the quarter, compared to the consensus estimate of $798.58 million. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts predict that CME Group will post $3.16 earnings per share for the current fiscal year.
CME Group Inc (NYSE:CME) offers a range of global products across all asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.
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