CME Group Shares Gap Up on Analyst Upgrade (CME)
CME Group (NYSE:CME) gapped up before the market opened on Monday after Barclays raised their price target on the stock from $75.00 to $77.00, American Banking & Market News reports. The stock had previously closed at $70.31, but opened at $70.42. Barclays currently has an equal weight rating on the stock. CME Group shares last traded at $71.06, with a volume of 628,618 shares.
Other equities research analysts have also recently issued reports about the stock. 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 issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $75.95.
The stock has a 50-day moving average of $70.79 and a 200-day moving average of $73.77. The company has a market cap of $23.845 billion and a price-to-earnings ratio of 23.47.
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. Analysts expect that CME Group will post $3.32 EPS for the current fiscal year.
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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