Company Update: CME Group Inc (NASDAQ:CME) – CME Group Announces Measures to Further Enhance Livestock Markets

[PR Newswire] – CHICAGO, Feb. 10, 2016 /PRNewswire/ — CME Group , the world’s leading and most diverse derivatives marketplace, today announced it will take a number of steps designed to further enhance its livestock … Read more on this. CME Group Inc. (CME) , with a current value of $30.81B, started trading this morning at $93.03. Looking at today’s market, CME one day range is $90.78 to $93.49 with a trailing 52-week range being $81.87 to $100.87. Priced at 20.78x this year’s forecasted earnings, CME shares are relatively expensive compared to the industry ’s 11.68x forward p/e ratio. And for income investors, the company pays shareholders $2.40 per share annually in dividends, yielding 2.71%. According to a consensus of 14 analysts, the earnings estimate of $1.11 per share would be $0.13 better than the year-ago quarter and a $0.05 sequential increase. What we find to be interesting is that the full-year EPS estimate of $4.34 is a $0.48 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $924.01 Million. If reported, that would be a 9.65% increase 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. Investors should keep in mind is that the average price target is $99.23, which is 6.66% above where the stock opened this morning. See more in (NASDAQ:CME) Similar Articles: Market Update: CME Group Inc (NASDAQ:CME) – CME Group Announces Successful Launch of Ultra 10-Year Futures Company Update (NASDAQ:CME): CME Group Announces First Trades of Aluminum Japan Premium Futures Company Update: CME Group Inc (NASDAQ:CME) – CME Group Announces 2016 Annual Meeting Date