NASDAQ OMX Group Given New $35.00 Price Target at Compass Point (NDAQ)
Equities research analysts at Compass Point hoisted their price target on shares of NASDAQ OMX Group (NASDAQ:NDAQ) from $33.00 to $35.00 in a research note issued to investors on Thursday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Compass Point’s price target would suggest a potential downside of 1.82% from the stock’s previous close.
In other NASDAQ OMX Group news, EVP Bruce Aust unloaded 7,500 shares of NASDAQ OMX Group stock on the open market in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $33.11, for a total value of $248,325.00. Following the completion of the sale, the executive vice president now directly owns 114,751 shares of the company’s stock, valued at approximately $3,799,406. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets raised their price target on shares of NASDAQ OMX Group from $37.00 to $38.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of NASDAQ OMX Group in a research note to investors on Thursday. They now have a $37.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of NASDAQ OMX Group from $33.00 to $35.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.06.
Shares of NASDAQ OMX Group (NASDAQ:NDAQ) traded up 0.32% on Thursday, hitting $35.65. The stock had a trading volume of 1,423,193 shares. NASDAQ OMX Group has a 1-year low of $22.63 and a 1-year high of $34.41. The stock has a 50-day moving average of $31.35 and a 200-day moving average of $31.40. The company has a market cap of $5.965 billion and a price-to-earnings ratio of 19.85.
NASDAQ OMX Group (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.04. The company had revenue of $506.00 million for the quarter, compared to the consensus estimate of $502.62 million. During the same quarter last year, the company posted $0.62 earnings per share. NASDAQ OMX Group’s revenue was up 22.8% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Wednesday, December 11th.
The NASDAQ OMX Group, Inc (NASDAQ:NDAQ) is a holding company.
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