Barclays Increases CME Group Price Target to $77.00 (CME)
Equities researchers at Barclays boosted their price objective on shares of CME Group (NYSE:CME) from $75.00 to $77.00 in a research report issued on Monday. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective would suggest a potential upside of 9.34% from the stock’s previous close.
Shares of CME Group (NYSE:CME) traded up 1.71% during mid-day trading on Monday, hitting $71.6263. The stock had a trading volume of 322,741 shares. CME Group has a 52 week low of $66.44 and a 52 week high of $84.71. The stock’s 50-day moving average is $70.79 and its 200-day moving average is $73.77. The company has a market cap of $24.052 billion and a price-to-earnings ratio of 23.47.
CME Group (NYSE:CME) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.83 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts expect that CME Group will post $3.32 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CME. Analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of CME Group in a research note on Tuesday, June 10th. They now have a $67.50 price target on the stock, down previously from $69.50. Separately, analysts at Zacks downgraded shares of CME Group from a “neutral” rating to an “underperform” rating in a research note on Monday, June 9th. They now have a $63.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of CME Group in a research note on Friday, May 9th. They now have a $84.00 price target on the stock, down previously from $89.00. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. CME Group presently has an average rating of “Hold” and a consensus target price of $75.95.
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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