Keefe Bruyette raised the price target for the Northern Trust Corporation (NASDAQ:NTRS) stock from “an Outperform” to “a Mkt perform”. The rating was released on June 17, 2021. We previously noted in another research note published on April 07, 2021 by UBS that upgraded the stock from a Sell to a Neutral with a price target of $106 for NTRS stock. The research report from Keefe Bruyette has upgraded the stock from Mkt Perform to Outperform, with a price target set at $120. The stock was downgraded by BofA Securities, who disclosed in a research note on January 12, 2021, from Neutral to Underperform and set the price objective to $97. In their research brief published January 05, 2021, Goldman analysts downgraded the Northern Trust Corporation stock from Neutral to Sell with a price target of $85.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Northern Trust Corporation (NASDAQ:NTRS) raised 3.56% to close Friday’s market session at $115.55, higher as compared to yesterday’s close. The stock price fluctuated between $113.25 and $115.94 throughout the trading session with the volume trading being 788804 shares, which represented a significant variation when compared to the three months average volume of 852.56K shares. The firm’s stock price fluctuated -0.66% within the last five trades and -2.59% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 18.42% in the last 6 months and 6.28% was added to its value over the previous 3 months. NTRS stock is trading at a margin of 0.64%, -1.32% and 15.74% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, NTRS deals in the Financial domain. The stock is trading -6.13 percent below its 52-week high and 59.07 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 47.1. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Northern Trust Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 27.30 percent and the profit margin is 19.20 percent, and the company has reported a gross margin of 100.00 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $23.97 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Northern Trust Corporation (NASDAQ:NTRS) is 20.62. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 15.76. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.93 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.27, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.30 percent of Northern Trust Corporation shares are owned by insiders, and 84.00 percent are held by financial institutions. St Clair Joyce, the Executive Vice President at Northern Trust Corporation (NTRS) has sold 6,568 shares of firm on May 21 at a price of $120.00 against the total amount of $0.79 million. In another inside trade, Cherecwich Peter, President/C&IS of Northern Trust Corporation (NASDAQ:NTRS) sold 15,000 shares of the firm on May 17 for a total worth of $1.81 million at a price of $120.51. An inside trade which took place on May 14, EVP & Chief Financial Officer of Northern Trust Corporation Tyler Jason J. sold 3,014 shares of firm against total price of $0.36 million at the cost of $120.03 per share.