NASDAQ OMX Group Price Target Cut to $36.00 (NDAQ)
Analysts at Keefe, Bruyette & Woods cut their price target on shares of NASDAQ OMX Group (NASDAQ:NDAQ) from $37.00 to $36.00 in a research report issued to clients and investors on Wednesday, Stock Ratings Network reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 12.43% from the stock’s previous close.
Shares of NASDAQ OMX Group (NASDAQ:NDAQ) traded up 0.72% during mid-day trading on Wednesday, hitting $32.02. The stock had a trading volume of 1,245,457 shares. NASDAQ OMX Group has a 52-week low of $22.63 and a 52-week high of $34.41. The stock’s 50-day moving average is $31.31 and its 200-day moving average is $31.3. The company has a market cap of $5.358 billion and a P/E ratio of 17.76.
NASDAQ OMX Group (NASDAQ:NDAQ) last released its earnings data on Wednesday, July 24th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters 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. On average, analysts predict that NASDAQ OMX Group will post $2.54 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of NASDAQ OMX Group in a research note to investors on Tuesday, September 24th. They now have a $34.00 price target on the stock. Separately, analysts at Barclays Capital cut their price target on shares of NASDAQ OMX Group 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. Finally, analysts at BMO Capital Markets upgraded shares of NASDAQ OMX Group 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $34.18.
The NASDAQ OMX Group, Inc (NASDAQ:NDAQ) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.