Research analysts at Credit Suisse lifted their target price on shares of CME Group (NYSE:CME) from $65.00 to $70.00 in a report released on Monday, American Banking News reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price objective points to a potential downside of 5.17% from the stock’s previous close.
Shares of CME Group (NYSE:CME) traded down 1.18% during mid-day trading on Monday, hitting $73.82. 2,151,333 shares of the company’s stock traded hands. CME Group has a 52-week low of $49.79 and a 52-week high of $79.45. The stock has a 50-day moving average of $74.61 and a 200-day moving average of $71.33. The company has a market cap of $24.678 billion and a price-to-earnings ratio of 26.67.
CME Group (NYSE:CME) last released its earnings data on Monday, November 4th. The company reported $0.75 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.75. The company had revenue of $715.00 million for the quarter, compared to the consensus estimate of $723.43 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 4.6% 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.
A number of other firms have also recently commented on CME. Analysts at Jefferies Group reiterated a “buy” rating on shares of CME Group in a research note to investors on Sunday, October 27th. They now have a $86.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods reiterated a “buy” rating on shares of CME Group in a research note to investors on Sunday, October 27th. They now have a $89.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of CME Group from $72.00 to $75.50 in a research note to investors on Wednesday, October 23rd. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. CME Group presently has a consensus rating of “Hold” and a consensus price target of $69.29.
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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