Northern Trust Receives Average Recommendation of “Hold” from Brokerages (NASDAQ:NTRS)
Northern Trust (NASDAQ:NTRS) has been given a consensus recommendation of “Hold” by the nineteen brokerages that are currently covering the stock, Stock Ratings Network reports. Three equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $66.00.
A number of research firms have recently commented on NTRS. Analysts at Zacks reiterated a “neutral” rating on shares of Northern Trust in a research note on Thursday. They now have a $73.00 price target on the stock. Separately, 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.
In other Northern Trust news, EVP Jeffrey D. Cohodes sold 3,470 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $69.60, for a total value of $241,512.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Northern Trust (NASDAQ:NTRS) traded down 0.49% on Friday, hitting $68.73. The stock had a trading volume of 166,022 shares. Northern Trust has a one year low of $52.40 and a one year high of $69.88. The stock’s 50-day moving average is $67.14 and its 200-day moving average is $63.56. The company has a market cap of $16.192 billion and a P/E ratio of 22.72.
Northern Trust (NASDAQ:NTRS) last released its earnings data on Wednesday, July 16th. The company reported $0.87 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.78 earnings per share. Northern Trust’s revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that Northern Trust will post $3.36 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.