Northern Trust Corp (NASDAQ: NTRS) has recently enjoyed extremely important positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Important positive changes in fundamentals have recently occurred for Northern Trust Corp (NASDAQ: NTRS): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NTRS is expected to continue to be a Value Builder.
Northern Trust has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Northern Trust has a neutral Power Rating of 51 but a good Appreciation Score of 77, with the High Neutral Value Trend Rating the result.
Recent Price Action
On 1/3/24, Northern Trust Corp (NASDAQ: NTRS) stock declined by -2.7%, closing at $82.58. Trading volume in this decline was normal. The stock has performed in line with the market over the last nine months and has declined -1.5% during the last week.
Be the first to comment