As of January 19, 2024, the latest analyst ratings for Northern Trust (NASDAQ: NTRS) present a diverse range of perspectives. One analyst rates it as bullish, another as somewhat bullish, four as indifferent, and one as somewhat bearish, with no bearish ratings.
Over the past 30 days, there have been no bullish ratings, one somewhat bullish rating, and no indifferent, somewhat bearish, or bearish ratings.
The average 12-month price target for Northern Trust is $87.14, with a high estimate of $99.00 and a low estimate of $78.00. This suggests a 10.77% increase from the previous average price target of $78.67.
Let’s take a closer look at some recent analyst actions and their impact on the ratings and price targets:
– Gerard Cassidy from RBC Capital has raised the rating to Outperform, setting a current price target of $86.00, up from the previous target of $82.00.
– Brennan Hawken from UBS has raised the rating to Neutral, with a current price target of $84.00, up from the prior target of $72.00.
– Kenneth Usdin from Jefferies has raised the rating to Buy, setting a current price target of $99.00, up from the previous target of $68.00.
– Steven Chubak from Wolfe Research has announced an Underperform rating, with a price target of $85.00.
– Jason Goldberg from Barclays has raised the rating to Equal-Weight, with a current price target of $98.00, up from the prior target of $90.00.
– Betsy Graseck from Morgan Stanley has both raised and lowered the Equal-Weight rating, with a current price target of $80.00, down from the prior target of $82.00.
Overall, the average recommendation for Northern Trust is “Hold,” with an average target price of $87.40 based on 17 ratings. The company’s stock is currently trading at $82.86.
It is important to note that analyst recommendations are subject to change based on market conditions and company performance. These updates reflect analysts’ reactions to recent developments concerning Northern Trust.
Northern Trust Corporation (NTRS) Shows Promising Performance with Stable Position and Positive Market Sentiment on January 19, 2024
On January 19, 2024, Northern Trust Corporation (NTRS) displayed a steady performance in the stock market. As per the data obtained from CNN Money, NTRS was trading in the middle of its 52-week range and was positioned above its 200-day simple moving average. These indicators suggest that the stock was in a stable position on that day.
In terms of price momentum, NTRS showed a positive trend. The price of NTRS shares increased by $0.15 since the market last closed, indicating a rise of 0.19%. This upward movement in the stock price demonstrates a favorable market sentiment towards NTRS on January 19, 2024.
Furthermore, NTRS opened at $81.62, which was $0.71 higher than its previous close. This opening price indicates that investors were willing to pay a premium for NTRS shares at the start of the trading day. This positive gap between the previous close and the opening price suggests that there was significant demand for NTRS stock, leading to an optimistic outlook for the company.
Overall, NTRS displayed a promising performance on January 19, 2024. With the stock trading in the middle of its 52-week range and above its 200-day simple moving average, it indicates stability and a positive market sentiment towards NTRS. The price increase since the market last closed and the higher opening price further reinforce the positive market sentiment and investor confidence in the company.
Northern Trust Corporation (NTRS) Reports Mixed Financial Performance for 2023: Revenue Growth Raises Concerns
Northern Trust Corporation (NTRS) has recently reported its financial performance for the past year and the fourth quarter of 2023. As of January 19, 2024, NTRS stock has shown mixed results.
Total revenue for Northern Trust Corporation in the past year was $12.12 billion, a 55.8% increase compared to the previous year. However, in the fourth quarter of 2023, the total revenue stood at $3.26 billion, a 3.73% increase compared to the previous quarter.
Net income for the past year was $1.09 billion, a 17.26% decrease compared to the previous year. In the fourth quarter of 2023, the net income held flat at $111.20 million.
Earnings per share (EPS) for the past year were $5.08, a 17.26% decrease compared to the previous year. In the fourth quarter of 2023, the EPS held flat at $0.52.
Overall, NTRS stock has shown mixed performance. While the company experienced significant revenue growth in the past year, the slower growth rate in the latest quarter raises concerns. Additionally, the decline in net income and earnings per share compared to the previous year indicates profitability challenges. However, the stabilization of net income and earnings per share in the latest quarter suggests that Northern Trust Corporation has taken steps to address these challenges. Investors should closely monitor the company’s future financial reports and performance.
