Stock Update (NASDAQ:CME): Deutsche Boerse could become target if LSE deal fails -CEO

[Reuters] – Deutsche Boerse could become a takeover target if its planned $30 billion tie-up with London Stock Exchange were to fail, the German exchange operator’s chief executive said. Chicago-based rival CME Group, whose $33 billion market capitalisation is twice that of Deutsche Boerse’s, could become a suitor, Carsten Kengeter told the ICFW Frankfurt international business journalists’ club. In 2013, CME had sent out feelers on a deal that were rebuffed by Deutsche Boerse, sources familiar with the situation have told Reuters. Read more on this. CME Group Inc. (CME) , valued at $33.15B, opened at $98.62. Looking at the equity, the company’s one day range is $97.54 to $99.00 and has traded between $81.87 and $100.87 over the past year. Priced at 22.56x this year’s forecasted earnings, CME shares are relatively expensive compared to the industry’s -57.58x forward p/e ratio. The company pays shareholders $2.40 per share annually in dividends, yielding 2.43%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $1.09 per share, which would be $0.14 better than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.32 would be a $0.46 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $901.18 Million. If reported, that would be a 9.90% increase over the year-ago quarter. More recently, Sterne Agee CRT Initiated CME at Neutral (May 20, 2016). Previously, JP Morgan upgraded CME from Neutral to Overweight. The average price target for CME shares by the analysts covering the stock is $99.53, which is 0.92% above where the stock opened this morning. See more in (NASDAQ:CME) Similar Articles: Stock Update (NASDAQ:CME): CME Group’s Terry Duffy to Appear before Illinois House Revenue Committee to Maintain that a Financial Transaction Tax Would Hurt the State’s Economy, Drive Away Jobs and Increase Costs for Consumers Worldwide Stock Update: CME Group Inc (NASDAQ:CME) – Futures market operator CME Group’s profit rises 11.3 pct Stock Update: CME Group Inc (NASDAQ:CME) – CME Group Inc. Announces First-Quarter 2016 Earnings Release, Conference Call