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CME Group’s Estimates Boosted at BMO Capital (CME)

Posted: 10/5/2011 8:56:00 AM
Referenced Stocks: CME

Futures exchange operator CME Group Inc. ( CME ) on Wednesday saw its earnings estimates raised by analysts at BMO Capital Markets.

The firm said it maintained its "Outperform" rating on CME and increased its earnings estimates through 2012. BMO cited solid monthly results and positive guidance reported at the company's analyst day for the more positive view.

CME Group shares, which have fallen more than 21% year-to-date, were unchanged in premarket trading Wednesday.

The Bottom Line
Shares of CME Group ( CME ) have a 2.22% dividend yield, based on last night's closing stock price of $252.36. The stock has technical support in the $237-$240 price area. If the shares can firm up, we see overhead resistance around the $260-$270 price levels.

CME Group Inc. ( CME ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .