Jefferies analyst Daniel Fannon reiterated a Buy rating on CME Group (NASDAQ: CME) yesterday and set a price target of $190. The company’s shares closed yesterday at $177.05, close to its 52-week high of $177.07.
According to TipRanks.com, Fannon is a 5-star analyst with an average return of 15.1% and a 74.9% success rate. Fannon covers the Financial sector, focusing on stocks such as Janus Henderson Group plc, WisdomTree Investments, and Gain Capital Holdings.
Currently, the analyst consensus on CME Group is a Moderate Buy with an average price target of $181.25.
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Based on CME Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $566 million. In comparison, last year the company had a net profit of $416 million.
Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is negative on the stock.
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CME Group, Inc. operates as a security and commodity exchange company. It provides the risk management and investment needs of customers around the globe. The company offers a wide range of products across various asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.
