NASDAQ OMX Group Given “Neutral” Rating at Zacks (NDAQ)
NASDAQ OMX Group (NASDAQ:NDAQ)‘s stock had its “neutral” rating reiterated by Zacks in a report released on Tuesday, Analyst Ratings Network reports. They currently have a $34.00 price objective on the stock. Zacks‘ target price suggests a potential upside of 5.66% from the company’s current price.
A number of other analysts have also recently weighed in on NDAQ. Analysts at Barclays Capital cut their price target on shares of NASDAQ OMX Group (NASDAQ:NDAQ) from $39.00 to $38.00 in a research note to investors on Friday, September 6th. They now have an “overweight” rating on the stock. Separately, analysts at BMO Capital Markets upgraded shares of NASDAQ OMX Group (NASDAQ:NDAQ) from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, September 3rd. They now have a $37.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Raymond James upgraded shares of NASDAQ OMX Group (NASDAQ:NDAQ) from an “outperform” rating to a “strong-buy” rating in a research note to investors on Wednesday, August 21st. They now have a $38.00 price target on the stock, up previously from $36.00.
One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $34.24.
Shares of NASDAQ OMX Group (NASDAQ:NDAQ) traded up 0.37% during mid-day trading on Tuesday, hitting $32.18. The stock had a trading volume of 1,286,178 shares. NASDAQ OMX Group has a 1-year low of $22.63 and a 1-year high of $34.41. The stock’s 50-day moving average is $31.17 and its 200-day moving average is $31.39. The company has a market cap of $5.385 billion and a price-to-earnings ratio of 17.91.
NASDAQ OMX Group (NASDAQ:NDAQ) last announced its earnings results on Wednesday, July 24th. The company reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.63 by $0.01. The company had revenue of $451.00 million for the quarter, compared to the consensus estimate of $441.43 million. During the same quarter last year, the company posted $0.64 earnings per share. NASDAQ OMX Group’s revenue was up 8.4% compared to the same quarter last year. Analysts expect that NASDAQ OMX Group will post $2.55 earnings per share for the current fiscal year.
In other NASDAQ OMX Group news, EVP Bruce Aust unloaded 7,500 shares of the stock on the open market in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $31.23, for a total transaction of $234,225.00. Following the sale, the executive vice president now directly owns 114,751 shares in the company, valued at approximately $3,583,674. The transaction was disclosed in a filing with the SEC, which is available at this link.
The NASDAQ OMX Group, Inc (NASDAQ:NDAQ) is a holding company.
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