CME Group Inc (NASDAQ: CME): Analyst View Points To Future Growth

CME Group Inc (CME) concluded trading on Wednesday at a closing price of $215.18, with 3.33 million shares of worth about $716.93 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.51% during that period and on Wednesday the price saw a gain of about 3.74%. Currently the company’s common shares owned by public are about 358.93M shares, out of which, 358.65M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 89 times over the past 12 months. They bought 88,873 shares in 44 of the transactions. In 45 selling transactions, insiders dumped 90,267 shares.

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However, the stock later moved at a day high price of 219.09, or with a gain of 3.74%. Stock saw a price change of 4.73% in past 5 days and over the past one month there was a price change of 8.35%. Year-to-date (YTD), CME shares are showing a performance of 2.17% which increased to 19.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $169.76 but also hit the highest price of $218.33 during that period. The average intraday trading volume for CME Group Inc shares is 1.90 million. The stock is currently trading 5.04% above its 20-day simple moving average (SMA20), while that difference is up 4.73% for SMA50 and it goes to 9.58% higher than SMA200.

CME Group Inc (NASDAQ: CME) currently have 358.93M outstanding shares and institutions hold larger chunk of about 88.74% of that.

The stock has a current market capitalization of $77.46B and its 3Y-monthly beta is at 0.49. PE ratio of stock for trailing 12 months is 24.28, while it has posted earnings per share of $8.86 in the same period. Its PEG reads 2.97 while making debt-to-equity ratio of 0.13. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CME, volatility over the week remained 2.27% while standing at 1.72% over the month.

Analysts are in expectations that CME Group Inc (CME) stock would likely to be making an EPS of $Chipotle Mexican Grill, Inc. in the current quarter, while forecast for next quarter EPS is $2,620.19 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $23andMe Holding Co. which is $Callon Petroleum Company at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $CME Group Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 1.02% while it is estimated to increase by 3.30% in next year. EPS is likely to shrink at an annualized rate of 8.18% for next 5-years, compared to annual growth of 9.18% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on January 08, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $244 and $222 to it.

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