Jefferies (NYSE:JEF) analyst Daniel Fannon maintained a Buy rating on CME Group (NASDAQ:CME) on Wednesday, setting a price target of $196, which is approximately 16.58% above the present share price of $168.12.
Fannon expects CME Group to post earnings per share (EPS) of $1.41 for the third quarter of 2020.
The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in CME Group, with an average price target of $178.18.
The analysts price targets range from a high of $210 to a low of $130.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.18 billion and a net profit of $637.5 million. The company's market cap is $60.95 billion.
According to TipRanks.com, Jefferies analyst Daniel Fannon is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.3% and a 74.24% success rate.
CME Group, Inc. operates as a security and commodity exchange company. It provides the risk management and investment needs of customers around the globe. The company offers a wide range of products across various asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex electronic trading platform across the globe and its open outcry trading facilities in Chicago and New York City. The company also provides clearing and settlement services for exchange-traded contracts, as well as for cleared over-the-counter derivatives transactions. It also offers market data services-including live quotes, delayed quotes, market reports and a comprehensive historical data service and has expanded into the index services business through CME Group Index Services. CME Group was founded in 1898 and is headquartered in Chicago, IL.