Jefferies Group Reiterates “Hold” Rating for Northern Trust Corp. (NTRS)
Northern Trust Corp. (NASDAQ:NTRS)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Group in a research note issued to investors on Monday, Analyst Ratings Network.com reports. They currently have a $66.00 target price on the stock. Jefferies Group’s price objective would indicate a potential upside of 21.37% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Guggenheim cut their price target on shares of Northern Trust Corp. (NASDAQ:NTRS) from $69.50 to $66.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Northern Trust Corp. (NASDAQ:NTRS) in a research note to investors on Thursday, September 5th. They now have a $58.00 price target on the stock. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $57.23.
Shares of Northern Trust Corp. (NASDAQ:NTRS) traded down 0.73% during mid-day trading on Monday, hitting $54.38. 1,159,953 shares of the company’s stock traded hands. Northern Trust Corp. has a 1-year low of $45.93 and a 1-year high of $62.02. The stock’s 50-day moving average is $55.85 and its 200-day moving average is $56.46. The company has a market cap of $13.059 billion and a P/E ratio of 19.09.
Northern Trust Corp. (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.78 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.82 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts expect that Northern Trust Corp. will post $3.08 EPS for the current fiscal year.
Northern Trust Corporation (NASDAQ:NTRS) is a financial holding company that is a provider of asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals worldwide.
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