Nasdaq, Inc. (NDAQ) Given “Sector Perform” Rating at Royal Bank Of Canada
Nasdaq, Inc. (NASDAQ:NDAQ)‘s stock had its “sector perform” rating reiterated by investment analysts at Royal Bank Of Canada in a research note issued on Thursday. They presently have a $76.00 price target on the financial services provider’s stock, up from their prior price target of $74.00. Royal Bank Of Canada’s price objective suggests a potential upside of 2.25% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. UBS AG reissued a “buy” rating and set a $81.00 price objective (down previously from $85.00) on shares of Nasdaq in a research note on Friday, April 28th. BidaskClub lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Citigroup Inc. assumed coverage on shares of Nasdaq in a research note on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price objective on the stock. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $77.00 price objective (down previously from $79.00) on shares of Nasdaq in a research note on Monday, May 15th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Nasdaq has a consensus rating of “Hold” and an average price target of $74.55.
Shares of Nasdaq (NDAQ) traded down 0.16% during mid-day trading on Thursday, reaching $74.33. The company’s stock had a trading volume of 1,268,981 shares. The firm has a market cap of $12.28 billion, a price-to-earnings ratio of 86.63 and a beta of 0.76. The company’s 50-day moving average is $71.25 and its 200 day moving average is $69.67. Nasdaq has a 12 month low of $63.30 and a 12 month high of $75.23.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.96 by $0.06. Nasdaq had a net margin of 3.87% and a return on equity of 11.77%. The business had revenue of $602 million for the quarter, compared to analyst estimates of $596.55 million. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Nasdaq’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that Nasdaq will post $4.14 EPS for the current year.
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Hedge funds and other institutional investors have recently modified their holdings of the company. Tompkins Financial Corp purchased a new position in shares of Nasdaq during the first quarter valued at about $143,000. Pacer Advisors Inc. increased 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 valued at $164,000 after buying an additional 77 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Nasdaq during the first quarter valued at about $189,000. Ameritas Investment Partners Inc. purchased a new position in shares of Nasdaq during the first quarter valued at about $190,000. Finally, Jaffetilchin Investment Partners LLC purchased a new position in shares of Nasdaq during the first quarter valued at about $203,000. Hedge funds and other institutional investors own 75.50% 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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