“We retain our fundamental view on NDAQ, which is constructive on the growth initiatives and long-term business mix transformation as well as consistent FCF generation & deployment of excess capital. However, we continue to see slower revenue growth vs. peers on less leverage to trading volumes & a still sluggish recurring revenue growth outlook & despite excellent cost control, op margin leverage will be difficult with business mix toward lower-margin businesses. Thus, we see shares fairly valued on fundamentals, and acquisition catalyst remains uncertain, particularly if price remains an obstacle.,” the firm’s analyst commented.
NDAQ has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a neutral rating on shares of NASDAQ OMX Group in a research note to investors on Friday, February 1st. They now have a $30.00 price target on the stock. Separately, analysts at Raymond James upgraded shares of NASDAQ OMX Group from a market perform rating to an outperform rating in a research note to investors on Thursday, January 31st. They now have a $36.00 price target on the stock. Finally, analysts at Macquarie reiterated an outperform rating on shares of NASDAQ OMX Group in a research note to investors on Tuesday, January 15th. They now have a $33.00 price target on the stock.
Six investment analysts have rated the stock with a buy rating, two have given an overweight rating, and eleven have given a hold rating to the company. The company currently has a consensus rating of overweight and a consensus price target of $30.53.
Shares of NASDAQ OMX Group traded down 3.32% during mid-day trading on Tuesday, hitting $30.60. NASDAQ OMX Group has a 52 week low of $21.03 and a 52 week high of $32.15. The stock’s 50-day moving average is currently $27.45. The company has a market cap of $5.034 billion and a P/E ratio of 15.51.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 28th. Shareholders of record on Thursday, March 14th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Tuesday, March 12th.
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