Nasdaq (NASDAQ:NDAQ) Price Target Raised to $114.00

Nasdaq (NASDAQ:NDAQ) had its price objective increased by investment analysts at Raymond James from $113.00 to $114.00 in a research report issued on Tuesday, The Fly reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Raymond James’ price target would indicate a potential upside of 5.71% from the company’s current price.

A number of other brokerages have also recently weighed in on NDAQ. Credit Suisse Group assumed coverage on Nasdaq in a report on Monday, December 16th. They issued an “outperform” rating on the stock. Oppenheimer assumed coverage on Nasdaq in a report on Monday, September 16th. They issued an “outperform” rating and a $111.00 target price on the stock. BidaskClub cut Nasdaq from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. UBS Group cut Nasdaq from a “buy” rating to a “neutral” rating and reduced their target price for the company from $113.00 to $107.00 in a report on Friday, October 25th. Finally, Deutsche Bank lifted their target price on Nasdaq from $110.00 to $111.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $104.22.

Shares of NDAQ stock traded down $0.86 during mid-day trading on Tuesday, hitting $107.84. 9,215 shares of the company’s stock were exchanged, compared to its average volume of 508,029. Nasdaq has a fifty-two week low of $81.01 and a fifty-two week high of $108.48. The stock has a market cap of $17.55 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.16 and a beta of 0.65. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The stock has a 50-day simple moving average of $106.20 and a two-hundred day simple moving average of $101.51.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $1.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.06. Nasdaq had a return on equity of 15.22% and a net margin of 12.16%. The firm had revenue of $632.00 million for the quarter, compared to analysts’ expectations of $627.44 million. During the same quarter last year, the firm earned $1.13 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, analysts anticipate that Nasdaq will post 4.98 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in NDAQ. Nuveen Asset Management LLC raised its position in Nasdaq by 444.4% in the second quarter. Nuveen Asset Management LLC now owns 588,135 shares of the financial services provider’s stock valued at $56,561,000 after purchasing an additional 480,100 shares during the period. Vanguard Group Inc. raised its position in Nasdaq by 1.5% in the second quarter. Vanguard Group Inc. now owns 12,624,390 shares of the financial services provider’s stock valued at $1,214,087,000 after purchasing an additional 190,311 shares during the period. Millennium Management LLC raised its position in Nasdaq by 1,777.6% in the third quarter. Millennium Management LLC now owns 163,894 shares of the financial services provider’s stock valued at $16,282,000 after purchasing an additional 155,165 shares during the period. First Trust Advisors LP raised its position in Nasdaq by 34.0% in the third quarter. First Trust Advisors LP now owns 502,239 shares of the financial services provider’s stock valued at $49,897,000 after purchasing an additional 127,342 shares during the period. Finally, California Public Employees Retirement System raised its position in Nasdaq by 12.5% in the second quarter. California Public Employees Retirement System now owns 861,375 shares of the financial services provider’s stock valued at $82,838,000 after purchasing an additional 95,408 shares during the period. 75.41% of the stock is currently owned by institutional investors.

Nasdaq Company Profile

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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