CME Group (CME) Gets a Sell from Rosenblatt Securities

Rosenblatt Securities analyst Andrew Bond maintained a Sell rating on CME Group (CMEResearch Report) today and set a price target of $161.00. The company’s shares opened today at $169.92.

According to TipRanks, Bond is an analyst with an average return of -3.1% and a 45.00% success rate. Bond covers the Financial sector, focusing on stocks such as Cboe Global Markets, CME Group, and Intercontinental Exchange.

The word on The Street in general, suggests a Hold analyst consensus rating for CME Group with a $207.63 average price target.

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Based on CME Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.23 billion and a net profit of $679.6 million. In comparison, last year the company earned a revenue of $1.11 billion and had a net profit of $926.5 million

Based on the recent corporate insider activity of 134 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CME in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

CME Group Inc., formerly known as Chicago Mercantile Exchange Holdings Inc, is the world’s leading derivatives marketplace, with it offering a wide range of futures and options products for risk management. These include equity indexes, interest rates, agricultural commodities, foreign exchange, energy, and metals. The company also offers clearing and settlement services for exchange-traded contracts, as well as for cleared over-the-counter derivatives transactions. It also provides a wide range of market data services such as live quotes, delayed quotes, historical data service and market reports.

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