Piper Sandler analyst Patrick Moley maintains $CME Group (CME.US)$ with a buy rating, and adjusts the target price from $240 to $250.
According to TipRanks data, the analyst has a success rate of 89.6% and a total average return of 27.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $CME Group (CME.US)$'s main analysts recently are as follows:
The company delivered an 'exceptional quarter,' according to an analyst. Despite a subdued stock reaction, possibly due to elevated expectations and lack of updates on the capital return strategy, the additional details provided on the earnings call were deemed clearly positive. The risk/reward proposition for the company remains favorable.
The company's management conveyed assurance regarding the expansion potential in the retail sector, and emphasized the exceptional growth originating from international markets.
CME Group recorded another record quarter, with Q3 adjusted EPS of $2.68, surpassing both the anticipated and consensus figures. The heightened uncertainty surrounding the U.S. election and the geopolitical climate has spurred an increase in the demand for risk management, which in turn benefits CME.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
