CME Group Stock Rating Reaffirmed by JPMorgan Chase & Co. (CME)
CME Group (NYSE:CME)‘s stock had its “hold” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday, AmericanBankingNews.com reports. They currently have a $69.50 target price on the stock, down from their previous target price of $76.50. JPMorgan Chase & Co.’s price target indicates a potential upside of 1.40% from the company’s current price.
Shares of CME Group (NYSE:CME) traded down 1.71% on Tuesday, hitting $68.55. The stock had a trading volume of 1,543,217 shares. CME Group has a one year low of $59.68 and a one year high of $84.71. The stock has a 50-day moving average of $71.49 and a 200-day moving average of $75.82. The company has a market cap of $22.889 billion and a price-to-earnings ratio of 23.25.
CME Group (NYSE:CME) last announced its earnings results on Thursday, May 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. The company had revenue of $777.00 million for the quarter, compared to the consensus estimate of $368.13 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, analysts predict that CME Group will post $3.41 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of CME Group in a research note on Friday. They now have a $78.00 price target on the stock. Separately, analysts at UBS AG cut their price target on shares of CME Group from $83.00 to $79.00 in a research note on Friday. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of CME Group from $84.00 to $80.00 in a research note on Friday. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $72.91.
CME Group Inc (NYSE:CME) offer 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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