Why CME Group Inc. (NASDAQ:CME) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $106.77 on CME Group Inc. (NASDAQ:CME) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.44 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of CME Group Inc. (NASDAQ:CME) stands at 27.40.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For CME Group Inc., the PEG ratio for coming 3-5 years is 2.65.

Technical Analysis

The technical analysis highlights that CME Group Inc. current is trading $4.26 points away or +4.08% from its 50-day moving average of $104.25. Further it is trading $11.33 or +11.65% away its 200-day moving average of $97.18.

The 52-week high of CME Group Inc. (NASDAQ:CME) was $109.65 while lowest point recorded in 52-week was $81.87. It implies if stock price makes a movement of over $-1.14, it will record a new 52-week high. In the case of +32.54% drop, it will touch a new 52-week low.

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