Company Update (NASDAQ:CME): CME Group Hit Record Average Daily Volume of 18.2 Million Contracts per Day in January 2016, up 16 Percent from January 2015

[PR Newswire] – CHICAGO, Feb. 2, 2016 /PRNewswire/ — CME Group, the world’s leading and most diverse derivatives marketplace, today announced that January 2016 volume averaged a record 18.2 million contracts per day, … Read more on this. CME Group Inc. (CME) , with a current market cap of $30.26B, opened this morning at $88.40. Looking at today’s trading action, the company’s one day range from $88.08 to $89.78 with its 52-week range being $81.87 to $100.87. CME Group (CME) shares are currently priced at 23.34x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 11.42x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $2.00 per share annually in dividends, yielding 2.23%. According to a consensus of 15 analysts, the earnings estimate of $0.90 per share would be $0.05 worse than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $3.85 is a $0.46 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $810.77 Million. If realized, that would be a 3.61% decrease over the year-ago quarter. Recently, JP Morgan upgraded CME from Neutral to Overweight (Jan 13, 2016). Previously, BofA/Merrill upgraded CME from Neutral to Buy. Given all the information above, we should disclose to readers that the average price target is $98.38, which is 11.29% above than it opened this morning. See more in (NASDAQ:CME) Similar Articles: Market Update (NASDAQ:CME): CME Group Volume Averaged 13.7 Million Contracts per Day in November 2015, Up 6 Percent from November 2014 Market Update: CME Group Inc (NASDAQ:CME) – CME Group Volume Averaged 14.4 Million Contracts per Day in Third-Quarter 2015, Up 7 Percent from Third-Quarter 2014 Stock Update (NASDAQ:CME): CME Group Volume Averaged 16.3 Million Contracts per Day in August 2015, Up 25 Percent from August 2014