Northern Trust Corp (NASDAQ: NTRS) has reported earnings for its first fiscal quarter (ending March 31) of $0.96 versus $1.51 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $4.53 compared to $5.88 a year ago.
Recent Price Action
Northern Trust Corp (NASDAQ: NTRS) stock closed at $79.56 on 4/16/24 after a decline of -5.0%. Moreover, trading volume in this decline was unusually high at 198% of normal. The stock has declined -9.6% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, NTRS is expected to continue to be an important Value Builder.
Northern Trust has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Northern Trust has a slightly positive Appreciation Score of 68 and a good Power Rating of 83, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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