Morgan Stanley analyst Michael Cyprys maintains $CME Group (CME.US)$ with a hold rating, and adjusts the target price from $233 to $236.
According to TipRanks data, the analyst has a success rate of 57.3% and a total average return of 5.8% 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 reported an 'exceptional quarter,' with the stock's reaction remaining subdued as expectations were already elevated and there was no new information on the capital return strategy. However, additional insights provided on the earnings call were seen as clear positives. The risk/reward balance for the company continues to be favorable.
Following the Q3 report, there was an optimistic outlook from management regarding the expansion potential in retail, along with a particular emphasis on significant growth originating from markets outside the U.S.
The record-setting quarter for CME Group, with a Q3 adjusted EPS surpassing both the anticipated and consensus figures, is highlighted. The escalating uncertainty surrounding the U.S. election and the global geopolitical climate has spurred a heightened need for risk management, which serves as a beneficial factor for CME.
Note:
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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.
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