Jefferies Maintains a 'Hold' on Northern Trust (NTRS); Battle in the Trenches
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Price: $57.60 --0%
Rating Summary:
4 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Rating Summary:
4 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Trade NTRS Now!
Jefferies maintains a 'Hold' on Northern Trust (NASDAQ: NTRS) price target of $49.00.
Analyst, Ken Usdin, said, "We met with NTRS and heard a positive message about the core business, with strong wins and pipelines in private banking and custody. High capital return potential also offers support. NTRS continues to struggle with environmental challenges, however, with low market activity/volatility and low rates weighing on FX, securities lending, and net interest income. This keeps us on the sidelines on NTRS and the trust banks for now."
Current quarter EPS estimate lowered from $0.79 to $0.77; FY maintained at $3.00.
For an analyst ratings summary and ratings history on Northern Trust click here. For more ratings news on Northern Trust click here.
Shares of Northern Trust closed at $47.99 yesterday, with a 52 week range of $33.20-$48.31.
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Analyst, Ken Usdin, said, "We met with NTRS and heard a positive message about the core business, with strong wins and pipelines in private banking and custody. High capital return potential also offers support. NTRS continues to struggle with environmental challenges, however, with low market activity/volatility and low rates weighing on FX, securities lending, and net interest income. This keeps us on the sidelines on NTRS and the trust banks for now."
Current quarter EPS estimate lowered from $0.79 to $0.77; FY maintained at $3.00.
For an analyst ratings summary and ratings history on Northern Trust click here. For more ratings news on Northern Trust click here.
Shares of Northern Trust closed at $47.99 yesterday, with a 52 week range of $33.20-$48.31.
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