Nasdaq Inc (NASDAQ:NDAQ) Receives $113.50 Average PT from Brokerages
Shares of Nasdaq Inc (NASDAQ:NDAQ) have been given an average recommendation of “Buy” by the twelve analysts that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $113.50.
NDAQ has been the topic of a number of recent analyst reports. Deutsche Bank upped their target price on Nasdaq from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Zacks Investment Research downgraded Nasdaq from a “buy” rating to a “hold” rating and set a $121.00 price target for the company. in a report on Tuesday, May 26th. Oppenheimer reiterated an “outperform” rating and issued a $135.00 price target (up from $120.00) on shares of Nasdaq in a report on Friday, June 12th. Compass Point lowered their price target on Nasdaq from $113.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, April 6th. Finally, Credit Suisse Group lowered their price target on Nasdaq from $120.00 to $118.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th.
In related news, EVP Lars Ottersgard sold 3,500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $119.82, for a total value of $419,370.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bradley J. Peterson sold 3,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $118.42, for a total transaction of $355,260.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,038 shares of company stock valued at $1,407,406. 0.60% of the stock is owned by company insiders.
Shares of NDAQ traded down $0.70 during trading on Tuesday, reaching $120.06. The company’s stock had a trading volume of 756,684 shares, compared to its average volume of 750,714. The company has a fifty day moving average of $117.25 and a two-hundred day moving average of $109.08. Nasdaq has a twelve month low of $71.66 and a twelve month high of $123.12. The company has a market cap of $19.70 billion, a price-to-earnings ratio of 27.47, a P/E/G ratio of 2.83 and a beta of 0.74. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.61.
Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.04. Nasdaq had a return on equity of 16.08% and a net margin of 15.94%. The company had revenue of $701.00 million for the quarter, compared to analyst estimates of $692.43 million. During the same period in the prior year, the company posted $1.22 EPS. Nasdaq’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities analysts forecast that Nasdaq will post 5.62 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $0.49 per share. This is an increase from Nasdaq’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Thursday, June 11th. Nasdaq’s dividend payout ratio is presently 39.20%.
Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
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