Raymond James Increases Northern Trust Price Target to $71.00 (NTRS)
Research analysts at Raymond James boosted their price objective on shares of Northern Trust (NASDAQ:NTRS) from $67.00 to $71.00 in a report released on Friday. Raymond James’ price objective suggests a potential upside of 11.23% from the stock’s previous close.
A number of other firms have also recently commented on NTRS. Analysts at Credit Suisse raised their price target on shares of Northern Trust from $56.00 to $60.00 in a research note on Monday, June 30th. They now have an “underperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Northern Trust in a research note on Monday, June 2nd. They now have a $63.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Northern Trust in a research note on Thursday, May 22nd. They set a “hold” rating and a $60.33 price target on the stock. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. Northern Trust has a consensus rating of “Hold” and a consensus target price of $64.12.
In other Northern Trust news, Insider Jana R. Schreuder sold 3,641 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $65.00, for a total value of $236,665.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Northern Trust (NASDAQ:NTRS) traded up 0.39% on Friday, hitting $64.08. The stock had a trading volume of 323,588 shares. Northern Trust has a 1-year low of $52.40 and a 1-year high of $67.17. The stock has a 50-day moving average of $62.82 and a 200-day moving average of $61.9. The company has a market cap of $15.154 billion and a P/E ratio of 20.79.
Northern Trust (NASDAQ:NTRS) last released its earnings data on Tuesday, April 15th. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.78 by $0.03. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts predict that Northern Trust will post $3.32 earnings per share for the current fiscal year.
Northern Trust Corporation 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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