Recent exceptional positive changes in investment behavior have benefitted Northern Trust Corp (NASDAQ: NTRS): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Northern Trust Corp (NASDAQ: NTRS) has benefited from meaningful positive changes in fundamentals: 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 A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
NTRS is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Northern Trust has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Northern Trust has a slightly positive Appreciation Score of 68 and a good Power Rating of 84, and the Highest Value Trend Rating results.
Recent Price Action
Northern Trust Corp (NASDAQ: NTRS) stock rose slightly by 0.1% on 4/9/24. The stock closed at $88.12. However, this advance was accompanied by exceptionally low trading volume at 49% of normal. The stock has been strong relative to the market over the last nine months but is unchanged during the last week.
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