Notable positive changes in fundamentals have recently occurred for Northern Trust Corp (NASDAQ: NTRS): significant quarterly sales acceleration occurred, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Northern Trust Corp (NASDAQ: NTRS) has recently enjoyed meaningful positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Northern Trust has a neutral Power Rating of 56 and a slightly positive Appreciation Score of 70, and the Positive Value Trend Rating results.
Recent Price Action
On 8/21/24, Northern Trust Corp (NASDAQ: NTRS) stock rose modestly by 0.6%, closing at $86.60. However, unusually low trading volume at 61% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 3.6% during the last week.
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