NASDAQ OMX Group (NASDAQ:NDAQ) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $37.00 target price on the stock. BMO Capital Markets’ price target would indicate a potential upside of 23.91% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of NASDAQ OMX Group (NASDAQ:NDAQ) traded up 0.44% on Tuesday, hitting $29.99. 390,265 shares of the company’s stock traded hands. NASDAQ OMX Group has a 1-year low of $22.63 and a 1-year high of $34.41. The stock has a 50-day moving average of $32.13 and a 200-day moving average of $31.43. The company has a market cap of $5.018 billion and a P/E ratio of 16.68.
NASDAQ OMX Group (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.63 by $0.01. The company had revenue of $451.00 million for the quarter, compared to the consensus estimate of $441.43 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts expect that NASDAQ OMX Group will post $2.57 EPS for the current fiscal year.
A number of other firms have also recently commented on NDAQ. Analysts at Raymond James upgraded shares of NASDAQ OMX Group (NASDAQ:NDAQ) from an “outperform” rating to a “strong-buy” rating in a research note to investors on Wednesday, August 21st. They now have a $38.00 price target on the stock, up previously from $36.00. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of NASDAQ OMX Group (NASDAQ:NDAQ) from a “neutral” rating to a “sell” rating in a research note to investors on Tuesday, July 30th. They now have a $28.00 price target on the stock, down previously from $30.00. Finally, analysts at Credit Suisse raised their price target on shares of NASDAQ OMX Group (NASDAQ:NDAQ) from $28.00 to $33.00 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock.
One analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. NASDAQ OMX Group presently has an average rating of “Hold” and a consensus price target of $34.29.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.74%.
The NASDAQ OMX Group, Inc (NASDAQ:NDAQ) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.