Nasdaq Inc (NASDAQ: NDAQ) has reported E.P.S. of $0.53 for its third fiscal quarter (ending September 30) versus $0.60 for the same period a year ago — a decline of -12%. For the latest four quarters through September 30, E.P.S. were $1.68 compared to $2.25 a year ago — a decline of -25%.
Recent Price Action
Nasdaq Inc (NASDAQ: NDAQ) stock closed at $75.24 on 10/24/24 after an increase of 1.8%. Moreover, unusually high trading volume at 159% of normal accompanied the advance. The stock has risen 2.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
NDAQ is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Nasdaq 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 inconsistent signals. Nasdaq has a neutral Appreciation Score of 51 but a very high Power Rating of 92, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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