Northern Trust Corp. Price Target Cut to $66.00 by Analysts at Guggenheim (NTRS)
Stock analysts at Guggenheim cut their price target on shares of Northern Trust Corp. (NASDAQ:NTRS) from $69.50 to $66.00 in a report issued on Monday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price objective indicates a potential upside of 21.37% from the company’s current price.
NTRS has been the subject of a number of other recent research reports. 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. Separately, analysts at Jefferies Group raised their price target on shares of Northern Trust Corp. (NASDAQ:NTRS) from $58.00 to $66.00 in a research note to investors on Tuesday, August 6th. They now have a “hold” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of Northern Trust Corp. (NASDAQ:NTRS) from $58.00 to $57.00 in a research note to investors on Thursday, July 25th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Northern Trust Corp. currently has a consensus rating of “Hold” and an average price target of $57.23.
Northern Trust Corp. (NASDAQ:NTRS) traded down 0.73% on Monday, hitting $54.38. 1,159,953 shares of the company’s stock traded hands. Northern Trust Corp. has a 52-week low of $45.93 and a 52-week high of $62.02. The stock has a 50-day moving average of $55.85 and a 200-day moving average of $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 issued its quarterly earnings data on Wednesday, July 17th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the 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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