Analysts Update Their Price Forecasts For Northern Trust Corp. (NTRS)

Northern Trust Corp. (NTRS) concluded trading on Wednesday at a closing price of $102.51, with 3.91 million shares of worth about $400.72 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.60% during that period and on October 23, 2024 the price saw a gain of about 7.02%. Currently the company’s common shares owned by public are about 205.13M shares, out of which, 198.52M shares are available for trading.

Stock saw a price change of 6.07% in past 5 days and over the past one month there was a price change of 12.14%. Year-to-date (YTD), NTRS shares are showing a performance of 21.49% which increased to 59.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $62.44 but also hit the highest price of $97.08 during that period. The average intraday trading volume for Northern Trust Corp. shares is 1.08 million. The stock is currently trading 10.58% above its 20-day simple moving average (SMA20), while that difference is up 13.42% for SMA50 and it goes to 20.21% higher than SMA200.

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Northern Trust Corp. (NASDAQ: NTRS) currently have 205.13M outstanding shares and institutions hold larger chunk of about 83.60% of that.

The stock has a current market capitalization of $20.67B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 14.04, while it has posted earnings per share of $7.30 in the same period. Its PEG reads 1.71 while making debt-to-equity ratio of 1.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NTRS, volatility over the week remained 2.00% while standing at 1.83% over the month.

Stock’s fiscal year EPS is expected to rise by 18.21% while it is estimated to decrease by -2.37% in next year. EPS is likely to grow at an annualized rate of 8.23% for next 5-years, compared to annual growth of -5.22% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on September 26, 2024 offering a Sell rating for the stock and assigned a target price range of between $84 and $82 to it. Coverage by Morgan Stanley stated Northern Trust Corp. (NTRS) stock as an Underweight in their note to investors on January 30, 2024, suggesting a price target of $86 for the stock. On January 09, 2024, Jefferies Upgrade their recommendations, while on January 03, 2024, Wolfe Research Downgrade their ratings for the stock with a price target of $85. Stock get an Equal weight rating from Wells Fargo on October 18, 2023.

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