RBC Capital analyst Ashish Sabadra maintains $CME Group (CME.US)$ with a hold rating, and maintains the target price at $235.
According to TipRanks data, the analyst has a success rate of 60.6% and a total average return of 6.2% 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 the stock's subdued response, which was attributed to high expectations and lack of updates on the capital return strategy, insights from the earnings call were deemed clear positives. The risk/reward proposition for the company remains favorable in the analyst's view.
After the Q3 report, it was noted that management conveyed a positive outlook on the expansion opportunities in the retail sector and emphasized the significant growth originating from markets outside the U.S.
CME Group recorded another record quarter, with Q3 adjusted earnings per share surpassing both the expected and consensus figures. The increased need for risk management, spurred by the uncertainty surrounding the U.S. election and the geopolitical climate, has provided positive momentum 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.
