Citigroup raises its price target from CME Group (NASDAQ: CME) to $ 240.00
CME Group (NASDAQ: CME) saw its target price raised by stock analysts at Citigroup from $ 207.00 to $ 240.00 in a research report released Tuesday to customers and investors, Fly reports. Citigroup’s price target points to a potential rise of 16.39% from the share’s previous close.
A number of other research analysts have also commented on the CME. Keefe, Bruyette & Woods upgraded CME Group shares from an “underperformance” rating to a “market performance” rating and increased their price target for the company from $ 181.00 to 197.00 $ in a research report on Monday March 1st. Deutsche Bank Aktiengesellschaft downgraded CME Group shares from a “buy” rating to a “hold” rating and set a price target of $ 196.00 for the company. in a research report on Friday January 8. They noted that the move was an appraisal call. Zacks investment research downgraded CME Group shares from a “buy” rating to a “hold” rating and set a price target of $ 205.00 for the company. in a research report on Thursday, January 7. Barclays raised its price target on CME Group shares from $ 200.00 to $ 215.00 and gave the company an “overweight” rating in a research report on Tuesday, January 12. Finally, Bank of America upgraded CME Group shares from a “neutral” rating to a “buy” rating and raised its share price target from $ 200.00 to $ 220.00 in a report of Tuesday, March 30. Two investment analysts rated the stock with a sell rating, eight assigned a sustaining rating and seven issued a buy rating to the company. CME Group has a consensus rating of “Hold” and a consensus price target of $ 199.00.
Shares of CME Group rose $ 0.62 at midday Tuesday, reaching $ 206.21. The company’s shares had a trading volume of 69,267 shares, compared to its average volume of 1,756,448. CME Group has a 12-month low of $ 146.89 and a 12-month high of $ 216.75 . The company has a market cap of $ 74.03 billion, a P / E ratio of 34.37 and a beta of 0.46. The company has a debt ratio of 0.13, a quick ratio of 1.02, and a current ratio of 1.02. The company’s fifty-day moving average price is $ 206.51 and its two hundred-day moving average price is $ 185.21.
CME Group (NASDAQ: CME) last released its quarterly earnings data on Tuesday, February 9. The financial services provider reported earnings per share of $ 1.39 for the quarter, beating analysts’ consensus estimates of $ 1.36 by $ 0.03. CME Group had a net margin of 43.68% and a return on equity of 9.22%. The company posted revenue of $ 1.10 billion in the quarter, compared to analysts’ estimates of $ 1.10 billion. During the same period of the previous year, the company made EPS of $ 1.52. CME Group revenue is down 3.5% compared to the same quarter last year. On average, research analysts predict that CME Group will post 6.69 EPS for the current fiscal year.
Similarly, director Bryan T. Durkin sold 11,000 shares of the company in a trade on Friday, February 19. The shares were sold for an average price of $ 195.58, for a total transaction of $ 2,151,380.00. Following the closing of the transaction, the Director now directly owns 74,650 shares of the company, valued at $ 14,600,047. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. In addition, director Martin J. Gepsman sold 1,500 shares of the CME group in a transaction on Thursday, March 11. The stock was sold at an average price of $ 205.46, for a total trade of $ 308,190.00. Following the closing of the transaction, the Director now directly owns 27,917 shares of the company, valued at $ 5,735,826.82. Disclosure of this sale can be found here. Insiders sold 23,000 shares of the company valued at $ 4,528,390 during the last quarter. Insiders own 1.20% of the shares of the company.
Large investors have recently changed their holdings in the company. Paces Ferry Wealth Advisors LLC purchased a new position in CME Group shares in the 3rd quarter valued at $ 33,000. HHM Wealth Advisors LLC increased its holdings of CME Group shares by 624.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 181 shares of the financial services provider valued at $ 33,000 after acquiring 156 additional shares in the last quarter. TCTC Holdings LLC purchased a new stake in shares of CME Group in the 4th quarter valued at approximately $ 33,000. Merrion Investment Management Co LLC purchased a new stake in CME Group shares in the 4th quarter valued at approximately $ 35,000. Finally, Baron Silver Stevens Financial Advisors LLC purchased a new stake in CME Group shares in the 4th quarter valued at approximately $ 37,000. 83.88% of the shares are held by institutional investors and hedge funds.
About the CME group
CME Group Inc, along with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts around the world. It offers futures and options products based on interest rates, stock indices, currencies, agricultural commodities, energy and metals, as well as fixed income products through its platforms. electronic trading, the open outcry and privately negotiated transactions.
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