NASDAQ OMX Group Rating Reiterated by Citigroup Inc. (NDAQ)
NASDAQ OMX Group (NASDAQ:NDAQ)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued to investors on Friday. They currently have a $50.00 price objective on the stock, up from their previous price objective of $45.00. Citigroup Inc.’s price target suggests a potential upside of 18.04% from the stock’s previous close.
NASDAQ OMX Group (NASDAQ:NDAQ) traded up 0.33% during mid-day trading on Friday, hitting $42.36. 1,437,306 shares of the company’s stock traded hands. NASDAQ OMX Group has a 52 week low of $29.51 and a 52 week high of $42.58. The stock has a 50-day moving average of $38.95 and a 200-day moving average of $37.98. The company has a market cap of $7.218 billion and a price-to-earnings ratio of 16.33.
NASDAQ OMX Group (NASDAQ:NDAQ) last released its earnings data on Thursday, July 24th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.02. The company had revenue of $523.00 million for the quarter, compared to the consensus estimate of $517.20 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Analysts expect that NASDAQ OMX Group will post $2.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Wednesday, September 10th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of NASDAQ OMX Group in a research note on Friday. They now have a $44.00 price target on the stock, up previously from $42.00. Separately, analysts at Evercore Partners upgraded shares of NASDAQ OMX Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 14th. They now have a $46.00 price target on the stock, up previously from $40.00. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of NASDAQ OMX Group from $40.00 to $45.00 in a research note on Friday, July 11th. One analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $40.57.
In other NASDAQ OMX Group news, EVP Anna M. Ewing sold 20,000 shares of the stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $41.00, for a total value of $820,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
The NASDAQ OMX Group, Inc (NASDAQ:NDAQ) is a holding company.
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