Northern Trust Corporation (NTRS) : 12 analysts are covering Northern Trust Corporation (NTRS) and their average rating on the stock is 2.98, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Northern Trust Corporation (NTRS) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 3 more analyst has given the stock a Sell recommendation. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Northern Trust Corporation (NTRS) stock is expected to deviate a maximum of $5.5 from the average target price of $71.58 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $81 and the most muted being $64.
Also, Deutsche Bank maintains its view on Northern Trust Corporation (NASDAQ:NTRS) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank raises the price target from $75 per share to $76 per share on Northern Trust Corporation. The rating by the firm was issued on September 9, 2016.
Northern Trust Corporation (NASDAQ:NTRS): After opening at $68.49, the stock dipped to an intraday low of $68.3 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $69.51 and the buying power remained strong till the end. The stock closed at $69.38 for the day, a gain of 1.34% for the day session. The total traded volume was 641,833. The stocks close on the previous trading day was $68.46.
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals around the world. The Companys operating segments include Corporate & Institutional Services (C&IS), Wealth Management and Treasury and Other. The Company has a network of offices in 19 states in the United States, Washington, D.C. and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. Asset Management, through the Companys various subsidiaries, supports the C&IS and Wealth Management segments by providing a range of asset management and related services and other products to customers around the world. The Companys subsidiary is The Northern Trust Company.