Northern Trust Corp. Receives New Coverage from Analysts at ISI Group (NTRS)
Equities research analysts at ISI Group started coverage on shares of Northern Trust Corp. (NASDAQ:NTRS) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on NTRS. Analysts at Sandler O’Neill cut their price target on shares of Northern Trust Corp. from $62.00 to $57.00 in a research note to investors on Thursday, October 3rd. They now have a “hold” rating on the stock. Separately, analysts at Raymond James cut their price target on shares of Northern Trust Corp. from $62.00 to $61.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Northern Trust Corp. in a research note to investors on Monday, September 30th. They now have a $66.00 price target on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Northern Trust Corp. currently has an average rating of “Hold” and an average target price of $57.00.
Northern Trust Corp. (NASDAQ:NTRS) opened at 53.125 on Tuesday. Northern Trust Corp. has a 1-year low of $45.93 and a 1-year high of $62.02. The stock has a 50-day moving average of $55.26 and a 200-day moving average of $56.46. The company has a market cap of $12.757 billion and a price-to-earnings ratio of 18.51.
Northern Trust Corp. (NASDAQ:NTRS) last announced its earnings results 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.
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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