At the time of writing, CME Group Inc [CME] stock is trading at $219.44, up 0.68%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CME shares have gain 3.38% over the last week, with a monthly amount glided 6.73%, and seem to be holding up well over a long-time horizon.
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On 20, February 2024, CME Group Launches Clearing Service for Mexican F-TIIE Overnight Index Swaps. In a post published today on Yahoo Finance, CME Group, the world’s leading derivatives marketplace, today announced that nine market participants have cleared over-the-counter (OTC) Mexican Overnight Funding Rate (F-TIIE) index swaps since the company launched its clearing service on February 5. The cleared F-TIIE overnight index swaps (OIS) represent more than 4.3 billion pesos (the equivalent of $250 million) in notional value and support Banco de México’s transition from its benchmark Interbank Equilibrium Interest Rate (TIIE) to the F-TIIE rate.
From an analyst’s perspective:
CME Group Inc [NASDAQ: CME] stock has seen the most recent analyst activity on January 08, 2024, when Barclays downgraded its rating to a Equal Weight and also revised its price target to $222 from $244. Previously, Goldman downgraded its rating to Sell on January 03, 2024, and kept the price target unchanged to $195. On September 06, 2023, upgrade upgraded it’s rating to Neutral and revised its price target to $204 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $215 on June 28, 2023. Credit Suisse upgraded its rating to a Outperform but $191 remained the price target by the analyst firm on January 05, 2023. Deutsche Bank upgraded its rating to Buy for this stock on October 12, 2022, and downed its price target to $200. In a note dated October 12, 2022, Citigroup initiated an Buy rating and provided a target price of $220 on this stock.
For the past year, the stock price of CME Group Inc fluctuated between $169.76 and $221.18. Currently, Wall Street analysts expect the stock to reach $218.14 within the next 12 months. CME Group Inc [NASDAQ: CME] shares were valued at $219.44 at the most recent close of the market. An investor can expect a potential drop of -0.59% based on the average CME price forecast.
Analyzing the CME fundamentals
According to CME Group Inc [NASDAQ:CME], the company’s sales were 5.58B for trailing twelve months, which represents an 19.17% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 217.81 points at the first support level, and at 216.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 220.30, and for the 2nd resistance point, it is at 221.16.
CME Group Inc [CME] reported earnings per share of $2.37 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.28/share, meaning a difference of $0.09 and a surprise factor of 3.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.25 per share as compared to estimates of $2.22 per share, a difference of $0.03 representing a surprise of 1.40%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 14.16, the price to book ratio is 2.80 and price to earnings (TTM) ratio is 24.76.
Transactions by insiders
Recent insider trading involved SHEPARD WILLIAM R, Director, that happened on Jan 18 when 1331.0 shares were purchased. Director, SHEPARD WILLIAM R completed a deal on Jan 18 to buy 59.0 shares. Meanwhile, Director SHEPARD WILLIAM R bought 266.0 shares on Dec 28.
