NASDAQ OMX Group, Inc (NASDAQ:NDAQ) maxes-out with analysts

Posted by Nathan Alexander August 22, 2013 0 Comment 4719 views

On Wednesday, Raymond James’ research analysts upgraded NASDAQ OMX Group, Inc (NASDAQ:NDAQ) and assigned it with a “strong-buy” rating. NDAQ rose by 1.02% in Wednesday’s trading session. The opening price of the shares was $31.87, which reached an intraday high of $32.04 and closed at $31.54. More than 1.82 million shares were traded in Wednesday’s session while the average volume of shares that were traded over a 30 day period was 1.07 million. The company has a market cap of $5.28 million.

The company has a 52 week low of $22.49 and its 52 week high is $34.41. The 50-day moving average of the stock is $32.82 and the 200-day moving average is $31.1. The company has a 17.44 P/E ratio.

Earnings reports

NASDAQ OMX Group, Inc (NASDAQ:NDAQ) last announced its earnings-results on 24 July. Its earnings per share was $0.62 which missed the analyst estimate by $0.01. For the quarter, the company’s revenue stood at $451.00 in comparison to the average projection of $441.43M. In the same quarter of the previous year, NDAQ posted earnings per share of $0.64. The company’s revenue rose by 8.4% in comparison to the same quarter in 2012. Analysts have projected that the company will post an EPS of $2.57 for the current financial year.

Analysts aver

Many other analysts have recently commented on the company. Goldman Sachs group analysts downgraded the company’s shares from a “neutral” to a “sell” rating and have set a target price of $28.00 on the stock which is down from the $30 that had been previously set. Credit Suisse analysts raised the price target on the shares from $28.00 to $33.00 and have now assigned it with a “neutral” rating. They have set a price-target of $34.00 on the stock. Finally, Zacks analysts have reiterated their “neutral” rating on the stock and have set a price-target of $34.

About Nathan Alexander

Nathan Alexander holds bachelor’s degrees in Journalism and European Studies from Boston University. Nathan reports round up the day’s business and financial market news and include keynote interviews with major business players and updates on Asian, European and US stock markets. He has interviewed heads of leading European banking institutions such as European Central Bank President Jean-Claude Trichet and HSBC Chairman Stephen Green, and CEOs from the business world including Microsoft founder Bill Gates, Virgin Chairman Sir Richard Branson and former Porsche President and CEO Dr Wendelin Wiedeking.

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