Stock Update: CME Group Inc (NASDAQ:CME) – CME Group Announces Clearing of First Interest Rate Swaptions Trade

[PR Newswire] – CHICAGO, April 12, 2016 /PRNewswire/ — CME Group, the world’s leading and most diverse derivatives marketplace, today announced it has cleared its first interest rate swaptions trade yesterday, April … Read more on this. CME Group Inc. (CME) , valued at $30.47B, started trading this morning at $89.99. Looking at today’s market, CME one day range is $89.46 to $90.38 with a trailing 52-week range being $81.87 to $100.87. CME shares are currently priced at 20.62x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.55x earnings multiple. The company pays shareholders $2.40 per share in dividend income per year, for a current yield of 2.69%. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $1.15 per share, which would be $0.17 better than the year-ago quarter and a $0.12 sequential increase. The full-year EPS estimate is $4.35 which would be a $0.49 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $942.18 Million. If realized, that would be a 11.80% increase over the year-ago quarter. In terms of ratings, 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 $99.58, which is 10.66% above than it opened this morning. See more in (NASDAQ:CME) Similar Articles: Stock Update: CME Group Inc (NASDAQ:CME) – CME Group Inc. Announces First-Quarter 2016 Earnings Release, Conference Call Stock Update: CME Group Inc (NASDAQ:CME) – CME Group Announces New Managing Director Roles Company Update: CME Group Inc (NASDAQ:CME) – CME Group and Real-Time Payment Transfer Platform, Dwolla, Sign Commercial Agreement to Provide Payment Efficiencies to Clearing Members