Nasdaq Inc (NASDAQ: NDAQ) has reported earnings for its first fiscal quarter (ending March 31) of $0.41 versus $0.62 for the same period a year ago. E.P.S. were $1.91 for the latest four quarters through March 31 versus $2.33 for the same period a year ago.
Recent Price Action
Nasdaq Inc (NASDAQ: NDAQ) stock closed at $60.29 on 4/25/24 after a modest decline of -2.0%. Moreover, exceptionally high trading volume at 215% of normal accompanied the decline. The stock is unchanged during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NDAQ is expected to continue to be an important Value Builder.
Nasdaq has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Nasdaq has a neutral Appreciation Score of 55 but a good Power Rating of 82, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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