Jefferies Maintains a 'Buy' on CME Group (CME); 4Q11 Recap: Revised Capital Policy Signals Cash Flow Strength
CME Hot Sheet
Rating Summary:7 Buy, 7 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 20 | Down: 11 | New: 38
Jefferies maintains a 'Buy' on CME Group (NASDAQ: CME) price target lowered from $315 to $305.
Jefferies analyst said, "CME reported 4Q11 operating results that were below expectations, reflecting a lower than anticipated RPC. The company raised its quarterly dividend by almost 60% and introduced a new annual variable special dividend policy. The company also guided 2012 expense growth of 2-5% based on volume trends, reflecting a greater level of cost flexibility than previously anticipated."
Jefferies lowers FY12 EPS estimate from $18.86 to $17.68. FY12 revs from $3,445.8 mln to $3,313.2 mln.
For an analyst ratings summary and ratings history on CME Group click here. For more ratings news on CME Group click here.
Shares of CME Group closed at $266.01 yesterday, with a 52 week range of $224.69-$317.27.
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Jefferies analyst said, "CME reported 4Q11 operating results that were below expectations, reflecting a lower than anticipated RPC. The company raised its quarterly dividend by almost 60% and introduced a new annual variable special dividend policy. The company also guided 2012 expense growth of 2-5% based on volume trends, reflecting a greater level of cost flexibility than previously anticipated."
Jefferies lowers FY12 EPS estimate from $18.86 to $17.68. FY12 revs from $3,445.8 mln to $3,313.2 mln.
For an analyst ratings summary and ratings history on CME Group click here. For more ratings news on CME Group click here.
Shares of CME Group closed at $266.01 yesterday, with a 52 week range of $224.69-$317.27.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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