Nasdaq (NASDAQ:NDAQ) Price Target Increased to $111.00 by Analysts at Deutsche Bank

Nasdaq (NASDAQ:NDAQ) had its price objective increased by equities research analysts at Deutsche Bank from $110.00 to $111.00 in a research report issued to clients and investors on Thursday, AnalystRatings.com reports. The firm currently has a “buy” rating on the financial services provider’s stock. Deutsche Bank’s price target indicates a potential upside of 9.91% from the company’s previous close.

Several other analysts also recently issued reports on the stock. Wells Fargo & Co raised their price objective on shares of Nasdaq from $97.00 to $112.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. UBS Group raised their price objective on shares of Nasdaq from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Raymond James raised their price objective on shares of Nasdaq from $96.00 to $108.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. Citigroup downgraded shares of Nasdaq from a “neutral” rating to a “sell” rating and raised their price objective for the stock from $93.00 to $95.00 in a research note on Monday, July 22nd. Finally, BidaskClub downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $103.40.

Shares of NASDAQ:NDAQ opened at $100.99 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The company has a market cap of $16.68 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 2.89 and a beta of 0.64. Nasdaq has a 12 month low of $75.49 and a 12 month high of $105.26. The company has a 50-day moving average price of $99.84 and a 200 day moving average price of $96.43.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.06. The business had revenue of $632.00 million during the quarter, compared to the consensus estimate of $627.44 million. Nasdaq had a net margin of 12.16% and a return on equity of 15.22%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 earnings per share. As a group, equities analysts forecast that Nasdaq will post 4.92 EPS for the current year.

In other news, insider Ann M. Dennison sold 5,496 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $96.55, for a total transaction of $530,638.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Pc Nelson Griggs sold 1,444 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $101.09, for a total transaction of $145,973.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,801 shares of company stock worth $1,158,532. Corporate insiders own 0.50% of the company’s stock.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Nasdaq by 1.5% during 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 buying an additional 190,311 shares during the period. BlackRock Inc. increased its holdings in Nasdaq by 0.8% during the second quarter. BlackRock Inc. now owns 7,679,185 shares of the financial services provider’s stock valued at $738,508,000 after buying an additional 62,962 shares during the period. Northern Trust Corp increased its holdings in Nasdaq by 2.7% during the second quarter. Northern Trust Corp now owns 1,439,946 shares of the financial services provider’s stock valued at $138,480,000 after buying an additional 37,788 shares during the period. NN Investment Partners Holdings N.V. increased its holdings in Nasdaq by 6.6% during the second quarter. NN Investment Partners Holdings N.V. now owns 1,187,584 shares of the financial services provider’s stock valued at $114,210,000 after buying an additional 73,302 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Nasdaq by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 932,319 shares of the financial services provider’s stock valued at $89,661,000 after buying an additional 11,868 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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