Northern Trust Corp. Price Target Cut to $60.00 (NTRS)
Stock analysts at Jefferies Group lowered their target price on shares of Northern Trust Corp. (NASDAQ:NTRS) from $61.00 to $60.00 in a report issued on Thursday, AR Network reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 6.18% from the stock’s previous close.
A number of other analysts have also recently weighed in on NTRS. Analysts at Rafferty Capital Markets upgraded shares of Northern Trust Corp. from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $64.00 price target on the stock, up previously from $63.50. Separately, analysts at Credit Suisse raised their price target on shares of Northern Trust Corp. from $47.00 to $50.00 in a research note to investors on Wednesday. They now have an “underperform” rating on the stock. Finally, analysts at ISI Group initiated coverage on shares of Northern Trust Corp. in a research note to investors on Tuesday, October 8th. They set a “neutral” rating on the stock. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Northern Trust Corp. currently has a consensus rating of “Hold” and an average price target of $57.29.
Northern Trust Corp. (NASDAQ:NTRS) traded up 2.67% on Thursday, hitting $56.51. 1,788,034 shares of the company’s stock traded hands. Northern Trust Corp. has a 52 week low of $45.98 and a 52 week high of $62.02. The stock has a 50-day moving average of $54.90 and a 200-day moving average of $56.. The company has a market cap of $13.570 billion and a price-to-earnings ratio of 19.18.
Northern Trust Corp. (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $0.76 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.79 by $0.03. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts predict that Northern Trust Corp. will post $3.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, December 4th.
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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