Deutsche Bank AG Reaffirms Buy Rating for Nasdaq Inc (NDAQ)
Nasdaq Inc (NASDAQ:NDAQ)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank AG in a research note issued on Monday. They presently have a $77.00 price target on the financial services provider’s stock, down from their previous price target of $79.00. Deutsche Bank AG’s price target would indicate a potential upside of 13.99% from the stock’s previous close.
A number of other analysts have also weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $71.00 target price on shares of Nasdaq in a research note on Thursday, March 30th. Zacks Investment Research lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Jefferies Group LLC restated a “hold” rating and set a $68.00 target price on shares of Nasdaq in a research note on Monday, April 10th. Finally, Evercore ISI restated an “in-line” rating and set a $74.00 target price on shares of Nasdaq in a research note on Friday, April 28th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Nasdaq currently has a consensus rating of “Hold” and an average price target of $73.40.
Nasdaq (NASDAQ:NDAQ) traded up 0.4256% on Monday, reaching $67.8375. 330,468 shares of the company’s stock were exchanged. Nasdaq has a one year low of $61.19 and a one year high of $72.52. The firm has a 50 day moving average of $68.77 and a 200-day moving average of $68.21. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 79.0647 and a beta of 0.89.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, April 26th. The financial services provider reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.05. Nasdaq had a net margin of 2.94% and a return on equity of 10.99%. The firm had revenue of $583 million for the quarter, compared to analyst estimates of $593.46 million. During the same period in the prior year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. Equities research analysts forecast that Nasdaq will post $4.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a $0.38 dividend. This is a positive change from Nasdaq’s previous quarterly dividend of $0.32. This represents a $1.52 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Wednesday, June 14th. Nasdaq’s dividend payout ratio is currently 206.45%.
In other Nasdaq news, Director Lars Wedenborn sold 10,000 shares of the stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $68.38, for a total value of $683,800.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.20% of the company’s stock.
A number of institutional investors have recently made changes to their positions in NDAQ. FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in shares of Nasdaq during the fourth quarter valued at approximately $121,000. Advisory Services Network LLC raised its position in shares of Nasdaq by 166.2% in the second quarter. Advisory Services Network LLC now owns 2,068 shares of the financial services provider’s stock valued at $134,000 after buying an additional 1,291 shares in the last quarter. Tompkins Financial Corp bought a new position in shares of Nasdaq during the first quarter valued at approximately $143,000. Pacer Advisors Inc. raised its position in shares of Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after buying an additional 77 shares during the period. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Nasdaq during the first quarter worth about $190,000. Institutional investors own 73.64% of the company’s stock.
Nasdaq Company Profile
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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