Northern Trust Sets New 52-Week High at $69.87 (NTRS)
Northern Trust (NASDAQ:NTRS) shares hit a new 52-week high on Tuesday , Stock Ratings Network.com reports. The company traded as high as $69.87 and last traded at $69.22, with a volume of 819,921 shares traded. The stock had previously closed at $69.35.
NTRS has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. upgraded shares of Northern Trust from an “underweight” rating to a “neutral” rating in a research note on Friday, July 25th. They now have a $67.00 price target on the stock, up previously from $59.50. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Northern Trust in a research note on Thursday, July 17th. They now have a $68.00 price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Northern Trust in a research note on Thursday, July 17th. They now have a $68.00 price target on the stock, up previously from $66.00. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $65.67.
The stock has a 50-day moving average of $66.66 and a 200-day moving average of $63.40. The company has a market cap of $16.359 billion and a P/E ratio of 22.81.
Northern Trust (NASDAQ:NTRS) last released its earnings data on Wednesday, July 16th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.03. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts predict that Northern Trust will post $3.36 earnings per share for the current fiscal year.
In other Northern Trust news, EVP Biff Bowman sold 3,023 shares of Northern Trust stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.95, for a total transaction of $208,435.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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