CME Group (CME) Hits New Lifetime High

Trade-Ideas LLC identified CME Group (CME) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

CME Group

(

CME

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified CME Group as such a stock due to the following factors:

  • CME has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $149.6 million.
  • CME has traded 108,237 shares today.
  • CME is trading at a new lifetime high.

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More details on CME:

CME Group Inc., through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. The stock currently has a dividend yield of 2.4%. CME has a PE ratio of 26. Currently there are 5 analysts that rate CME Group a buy, 2 analysts rate it a sell, and 5 rate it a hold.

The average volume for CME Group has been 1.5 million shares per day over the past 30 days. CME Group has a market cap of $33.8 billion and is part of the financial sector and financial services industry. The stock has a beta of 0.56 and a short float of 1.2% with 2.99 days to cover. Shares are up 10% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates CME Group as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, reasonable valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the ratings report include:

  • CME's revenue growth has slightly outpaced the industry average of 7.7%. Since the same quarter one year prior, revenues rose by 12.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • CME GROUP INC has improved earnings per share by 11.2% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, CME GROUP INC increased its bottom line by earning $3.68 versus $3.35 in the prior year. This year, the market expects an improvement in earnings ($4.35 versus $3.68).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Diversified Financial Services industry average. The net income increased by 11.3% when compared to the same quarter one year prior, going from $330.40 million to $367.80 million.
  • The gross profit margin for CME GROUP INC is currently very high, coming in at 71.34%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 38.64% significantly outperformed against the industry average.

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