Nasdaq, Inc. (NDAQ) Given a $74.00 Price Target by Royal Bank Of Canada Analysts
Nasdaq, Inc. (NASDAQ:NDAQ) has been assigned a $74.00 price target by Royal Bank Of Canada in a research note issued on Monday. The firm presently has a “hold” rating on the financial services provider’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 3.51% from the stock’s current price.
A number of other equities analysts have also recently issued reports on NDAQ. Deutsche Bank AG reiterated a “buy” rating and set a $77.00 target price (down previously from $79.00) on shares of Nasdaq in a report on Monday, May 15th. UBS AG restated a “buy” rating and issued a $81.00 price objective (down previously from $85.00) on shares of Nasdaq in a report on Friday, April 28th. BidaskClub upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $68.00 price objective on shares of Nasdaq in a report on Monday, April 10th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $74.00.
Shares of Nasdaq (NASDAQ:NDAQ) traded up 0.20% during trading on Monday, hitting $71.63. The company had a trading volume of 329,520 shares. Nasdaq has a 12-month low of $63.30 and a 12-month high of $72.52. The firm has a 50 day moving average of $69.05 and a 200 day moving average of $69.14. The stock has a market cap of $11.83 billion, a PE ratio of 83.48 and a beta of 0.75.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.05. The company had revenue of $583 million for the quarter, compared to the consensus estimate of $593.46 million. Nasdaq had a return on equity of 11.77% and a net margin of 3.87%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 EPS. On average, analysts forecast that Nasdaq will post $4.11 earnings per share for the current fiscal year.
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In related news, Director Lars Wedenborn sold 10,000 shares of Nasdaq 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 legal filing with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans boosted its position in shares of Nasdaq by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,970 shares of the financial services provider’s stock worth $266,000 after buying an additional 230 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Nasdaq during the fourth quarter worth about $478,000. Ibex Wealth Advisors boosted its position in shares of Nasdaq by 4.0% in the fourth quarter. Ibex Wealth Advisors now owns 21,300 shares of the financial services provider’s stock worth $1,435,000 after buying an additional 828 shares during the period. Teachers Advisors LLC boosted its position in shares of Nasdaq by 7.3% in the fourth quarter. Teachers Advisors LLC now owns 172,949 shares of the financial services provider’s stock worth $11,608,000 after buying an additional 11,768 shares during the period. Finally, Kentucky Retirement Systems purchased a new position in shares of Nasdaq during the fourth quarter worth about $555,000. 74.67% of the stock is currently owned by institutional investors and hedge funds.
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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