BofA Securities analyst Craig Siegenthaler maintains $CME Group (CME.US)$ with a sell rating, and maintains the target price at $181.
According to TipRanks data, the analyst has a success rate of 68.5% and a total average return of 17.2% 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 due to high expectations and the absence of an update on the capital return strategy, additional details shared during the earnings call were seen as clear positives. The risk/reward profile for the company continues to be viewed favorably by the analyst.
Following the Q3 report, it was noted that management expressed optimism regarding the expansion in the retail sector and emphasized the significant growth originating from international markets.
CME Group witnessed another record-setting quarter, with Q3 adjusted EPS outperforming expectations. The heightened uncertainty surrounding the U.S. election and the geopolitical climate has spurred a greater need for risk management solutions, offering a favorable environment for 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.
