Analysts’ Recent Ratings Updates for Nasdaq (NDAQ)

Several brokerages have updated their recommendations and price targets on shares of Nasdaq (NASDAQ: NDAQ) in the last few weeks:

  • 4/11/2018 – Nasdaq was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Nasdaq have outperformed the industry year to date. It remains focused on growth through acquisitions and organic initiatives, enabling entry and cross-selling opportunities into new markets on a low-cost and highly-flexible platform. It displays prudence by accelerating its non-transaction revenue base. Nasdaq reviews its operations to accelerate the growth trajectory and intends to lower capital resources in business that do not offer considerable growth. A healthy balance sheet and cash position aid in de-leveraging the company, investing in its growth initiatives and engaging in shareholder-friendly moves. However, its elevated expenses restrict the desired margin expansion. It estimates 2018 non-GAAP operating expenses in the range of $1.375-$1.415 billion. A Zacks Rank #3 and an Earnings ESP of +1.01% makes us reasonably confident of an earnings beat on release of its earnings on Apr 25.”
  • 4/10/2018 – Nasdaq had its price target raised by analysts at Raymond James from $87.00 to $92.00. They now have an “outperform” rating on the stock.
  • 4/9/2018 – Nasdaq is now covered by analysts at Sanford C. Bernstein. They set a “market perform” rating and a $90.00 price target on the stock.
  • 4/6/2018 – Nasdaq had its price target raised by analysts at Deutsche Bank from $95.00 to $96.00. They now have a “buy” rating on the stock.
  • 4/6/2018 – Nasdaq was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $97.00 price target on the stock. According to Zacks, “Shares of Nasdaq have outperformed the industry year to date. It remains focused on growth through acquisitions and organic initiatives, enabling entry and cross-selling opportunities into new markets on a low-cost and highly-flexible platform. It displays prudence by accelerating its non-transaction revenue base. Nasdaq reviews its operations to accelerate the growth trajectory and intends to lower capital resources in business that do not offer considerable growth. A healthy balance sheet and cash position aid in de-leveraging the company, investing in its growth initiatives and engaging in shareholder-friendly moves. However, its elevated expenses restrict the desired margin expansion. Intense competition and regulatory issues remain key concerns. The company estimates 2018 non-GAAP operating expenses in the range of $1.375-$1.415 billion. Nasdaq’s fourth-quarter bottom line beat the estimates on higher revenues across segments.”
  • 4/3/2018 – Nasdaq was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 3/29/2018 – Nasdaq had its price target raised by analysts at Wells Fargo from $85.00 to $95.00. They now have an “outperform” rating on the stock.
  • 3/29/2018 – Nasdaq had its price target raised by analysts at Deutsche Bank from $90.00 to $95.00. They now have a “buy” rating on the stock.
  • 3/13/2018 – Nasdaq was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Nasdaq have outperformed the industry year to date. It remains focused on growth through acquisitions and organic initiatives, enabling entry and cross-selling opportunities into new markets on a low-cost and highly-flexible platform. It displays prudence by accelerating its non-transaction revenue base. Nasdaq reviews its operations to accelerate the growth trajectory and intends to lower capital resources in business that do not offer considerable growth. A healthy balance sheet and cash position aid in de-leveraging the company, investing in its growth initiatives and engaging in shareholder-friendly moves. However, its elevated expenses restrict the desired margin expansion. Intense competition and regulatory issues remain key concerns. The company estimates 2018 non-GAAP operating expenses in the range of $1.375-$1.415 billion. Nasdaq’s fourth-quarter bottom line beat the estimates on higher revenues across segments.”
  • 3/8/2018 – Nasdaq was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 3/6/2018 – Nasdaq had its price target raised by analysts at Deutsche Bank from $89.00 to $90.00. They now have a “buy” rating on the stock.
  • 3/6/2018 – Nasdaq had its “buy” rating reaffirmed by analysts at UBS. They now have a $100.00 price target on the stock, up previously from $97.00.
  • 3/1/2018 – Nasdaq was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of NASDAQ:NDAQ traded down $0.70 during trading on Tuesday, hitting $86.25. The stock had a trading volume of 1,739,636 shares, compared to its average volume of 1,012,807. Nasdaq Inc has a 12 month low of $65.98 and a 12 month high of $87.66. The firm has a market capitalization of $14,560.64, a P/E ratio of 21.24, a P/E/G ratio of 1.92 and a beta of 0.64. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.05 and a current ratio of 1.05.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.05. Nasdaq had a return on equity of 12.75% and a net margin of 18.49%. The firm had revenue of $635.00 million during the quarter, compared to analyst estimates of $628.36 million. During the same quarter in the prior year, the company earned $0.95 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. equities analysts forecast that Nasdaq Inc will post 4.83 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be given a $0.44 dividend. The ex-dividend date is Thursday, June 14th. This represents a $1.76 annualized dividend and a dividend yield of 2.04%. This is a positive change from Nasdaq’s previous quarterly dividend of $0.38. Nasdaq’s dividend payout ratio is currently 37.44%.

In other news, insider Edward S. Knight sold 13,200 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $79.41, for a total value of $1,048,212.00. Following the completion of the transaction, the insider now owns 73,569 shares of the company’s stock, valued at approximately $5,842,114.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charlene T. Begley sold 4,017 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $81.37, for a total value of $326,863.29. The disclosure for this sale can be found here. Insiders sold a total of 23,668 shares of company stock valued at $1,895,994 in the last three months. Corporate insiders own 0.40% of the company’s stock.

Large investors have recently made changes to their positions in the company. Delpha Capital Management LLC bought a new position in shares of Nasdaq in the 4th quarter worth approximately $103,000. Delta Asset Management LLC TN increased its position in Nasdaq by 6,087.0% during the 4th quarter. Delta Asset Management LLC TN now owns 1,423 shares of the financial services provider’s stock valued at $109,000 after buying an additional 1,400 shares in the last quarter. ARK Investment Management LLC bought a new position in Nasdaq during the 4th quarter valued at approximately $122,000. Cerebellum GP LLC bought a new position in Nasdaq during the 4th quarter valued at approximately $125,000. Finally, AlphaOne Investment Services LLC bought a new position in Nasdaq during the 4th quarter valued at approximately $154,000. 76.41% of the stock is owned by hedge funds and other institutional investors.

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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