NASDAQ OMX Group Rating Reiterated by Zacks (NDAQ)
NASDAQ OMX Group (NASDAQ:NDAQ)‘s stock had its “neutral” rating restated by Zacks in a report released on Friday, AnalystRatingsNetwork reports. They currently have a $40.00 target price on the stock. Zacks‘ target price would suggest a potential upside of 6.55% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of NASDAQ OMX Group from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, January 8th. They now have a $50.00 price target on the stock, up previously from $40.00. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of NASDAQ OMX Group in a research note to investors on Monday, December 23rd. They set a “neutral” rating and a $44.50 price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. NASDAQ OMX Group currently has an average rating of “Hold” and a consensus price target of $36.91.
NASDAQ OMX Group (NASDAQ:NDAQ) traded down 0.82% during mid-day trading on Friday, hitting $37.54. 1,917,942 shares of the company’s stock traded hands. NASDAQ OMX Group has a 52-week low of $27.47 and a 52-week high of $40.74. The stock has a 50-day moving average of $39.11 and a 200-day moving average of $35.27. The company has a market cap of $6.291 billion and a price-to-earnings ratio of 19.51.
NASDAQ OMX Group (NASDAQ:NDAQ) last announced its earnings results on Wednesday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.02. The company had revenue of $520.00 million for the quarter, compared to the consensus estimate of $513.14 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. Analysts expect that NASDAQ OMX Group will post $3.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of 0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, March 12th.
The NASDAQ OMX Group, Inc (NASDAQ:NDAQ) is a holding company.
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