Raymond James Increases Nasdaq (NASDAQ:NDAQ) Price Target to $114.00

Nasdaq (NASDAQ:NDAQ) had its price target upped by equities research analysts at Raymond James from $113.00 to $114.00 in a note issued to investors on Tuesday, The Fly reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Raymond James’ price target indicates a potential upside of 5.71% from the company’s previous close.

Several other research firms have also issued reports on NDAQ. Deutsche Bank lifted their price target on Nasdaq from $110.00 to $111.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. UBS Group lowered Nasdaq from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $113.00 to $107.00 in a research report on Friday, October 25th. Oppenheimer assumed coverage on Nasdaq in a research report on Monday, September 16th. They issued an “outperform” rating and a $111.00 price target for the company. Credit Suisse Group assumed coverage on Nasdaq in a research report on Monday, December 16th. They issued an “outperform” rating for the company. Finally, BidaskClub lowered Nasdaq from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Two research 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’s stock. Nasdaq presently has an average rating of “Hold” and an average price target of $104.22.

Shares of NDAQ traded down $0.86 during trading hours on Tuesday, hitting $107.84. The company had a trading volume of 9,215 shares, compared to its average volume of 508,029. The firm has a fifty day moving average price of $106.20 and a 200-day moving average price of $101.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.89 and a current ratio of 0.95. The stock has a market capitalization of $17.55 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.16 and a beta of 0.65. Nasdaq has a 52-week low of $81.01 and a 52-week high of $108.48.

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

A number of large investors have recently modified their holdings of NDAQ. CWM LLC raised its position in Nasdaq by 71.2% in the 3rd quarter. CWM LLC now owns 250 shares of the financial services provider’s stock worth $25,000 after buying an additional 104 shares during the last quarter. Whittier Trust Co. grew its stake in shares of Nasdaq by 1,261.5% during the 3rd quarter. Whittier Trust Co. now owns 354 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 328 shares during the period. Doyle Wealth Management bought a new position in shares of Nasdaq during the 2nd quarter valued at approximately $62,000. KCS Wealth Advisory bought a new position in shares of Nasdaq during the 3rd quarter valued at approximately $94,000. Finally, Meeder Asset Management Inc. grew its stake in shares of Nasdaq by 5,277.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 968 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 950 shares during the period. 75.41% of the stock is owned by institutional investors and hedge funds.

About Nasdaq

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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