Northern Trust Corporation (NTRS) : The consensus price target for Northern Trust Corporation (NTRS) is $71.5 for the short term with a standard deviation of $5.44. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $81, however, the pessimist price target for the company is $64.
Northern Trust Corporation (NTRS) : 1 brokerage houses believe that Northern Trust Corporation (NTRS) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Northern Trust Corporation (NTRS). Zacks Investment Research suggests a Hold with a rank of 3. 3 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 12 Wall Street Analysts endorse the stock as a Hold with a rating of 2.98.
Also, In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on Northern Trust Corporation (NASDAQ:NTRS). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm raises the price target from $70 per share to $71 per share. The rating by the firm was issued on August 5, 2016.
Northern Trust Corporation (NASDAQ:NTRS): The stock opened at $70.97 on Thursday but the bulls could not build on the opening and the stock topped out at $71.66 for the day. The stock traded down to $69.79 during the day, due to lack of any buying support eventually closed down at $70.41 with a loss of -0.25% for the day. The stock had closed at $70.59 on the previous day. The total traded volume was 1,294,680 shares.
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.