Stock Update (NASDAQ:CME): CME Group Expands Base Metals Offering with New Aluminum A380 Alloy (S&P Global Platts) Futures

[PR Newswire] – CHICAGO, May 16, 2016 /PRNewswire/ — CME Group , the world’s leading and most diverse derivatives marketplace, today announced it will expand its base metals offering with the introduction of a new Aluminum … Read more on this. CME Group Inc. (CME) , valued at $32.08B, started the session at $94.15. Today, shares have traded between $94.15 and $94.94 per share with the price of the stock fluctuating between $81.87 to $100.87 over the last 52 weeks. Priced at 21.93x this year’s forecasted earnings, CME shares are relatively expensive compared to the industry’s 10.83x forward p/e ratio. And for income investors, the company pays shareholders $2.40 per share annually in dividends, yielding 2.54%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $1.09 per share, which would be $0.14 better than the year-ago quarter and a $0.03 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $4.32 is a $0.46 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $902.00 Million. If realized, that would be a 10.00% increase over the year-ago quarter. In terms of ratings, 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 $100.21, which is 6.44% above where the stock opened this morning. See more in (NASDAQ:CME) Similar Articles: Stock Update: CME Group Inc (NASDAQ:CME) – Futures market operator CME Group’s profit rises 11.3 pct Company Update (NASDAQ:CME): CME Group Announces First Trades of Aluminum Japan Premium Futures Stock Update: CME Group Inc (NASDAQ:CME) – CME Group Expands Base Metals Offering with New Aluminum Japan Premium (Platts) Futures