NASDAQ OMX Group Now Covered by JPMorgan Chase & Co. (NDAQ)
Investment analysts at JPMorgan Chase & Co. assumed coverage on shares of NASDAQ OMX Group (NASDAQ:NDAQ) in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $44.50 price target on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 11.36% from the stock’s previous close.
The analysts wrote, “we believe Nasdaq will experience multiple expansion as its revenue mix migrates toward more recurring/stable businesses. We see its revenue growth being helped by the acquisitions of Thomson Reuters Solutions and eSpeed Treasury, driven by cost cutting and product development.”
A number of other analysts have also recently weighed in on NDAQ. Analysts at Credit Suisse initiated coverage on shares of NASDAQ OMX Group in a research note to investors on Tuesday, December 10th. They set a “neutral” 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, December 5th. They now have a $42.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of NASDAQ OMX Group in a research note to investors on Wednesday, November 27th. They now have a $40.00 price target on the stock, up previously from $34.00. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. NASDAQ OMX Group has a consensus rating of “Hold” and a consensus price target of $36.44.
Shares of NASDAQ OMX Group (NASDAQ:NDAQ) traded down 0.48% on Monday, hitting $39.77. The stock had a trading volume of 182,026 shares. NASDAQ OMX Group has a one year low of $24.75 and a one year high of $40.64. The stock has a 50-day moving average of $38.02 and a 200-day moving average of $33.87. The company has a market cap of $6.664 billion and a price-to-earnings ratio of 20.60.
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 in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 22.8% on a year-over-year basis. On average, analysts predict that NASDAQ OMX Group will post $2.58 earnings per share for the current fiscal year.
The NASDAQ OMX Group, Inc (NASDAQ:NDAQ) is a holding company.
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