News coverage about Nasdaq (NASDAQ:NDAQ) has trended somewhat positive recently, according to InfoTrie. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Nasdaq earned a media sentiment score of 1.83 on their scale. InfoTrie also gave media coverage about the financial services provider an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Nasdaq’s analysis:
A number of equities research analysts have issued reports on the company. Citigroup upped their target price on Nasdaq from $88.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday. Deutsche Bank decreased their target price on Nasdaq from $103.00 to $97.00 and set a “buy” rating for the company in a research report on Thursday, October 11th. Atlantic Securities assumed coverage on Nasdaq in a research report on Wednesday, November 28th. They set an “overweight” rating and a $105.00 target price for the company. Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. Finally, BidaskClub cut Nasdaq from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Nasdaq currently has a consensus rating of “Hold” and a consensus price target of $96.79.
Shares of Nasdaq stock opened at $89.89 on Friday. Nasdaq has a 12-month low of $72.98 and a 12-month high of $96.84. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $14.82 billion, a price-to-earnings ratio of 22.14, a P/E/G ratio of 1.98 and a beta of 0.50.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.01. Nasdaq had a return on equity of 13.69% and a net margin of 17.95%. The company had revenue of $600.00 million during the quarter, compared to analysts’ expectations of $605.67 million. During the same period in the prior year, the business earned $1.01 earnings per share. Nasdaq’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities analysts predict that Nasdaq will post 4.77 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a $0.44 dividend. The ex-dividend date is Thursday, December 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.96%. Nasdaq’s dividend payout ratio is 43.35%.
In other news, Director Lars Wedenborn sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $89.94, for a total value of $224,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ann M. Dennison sold 1,553 shares of the stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $83.67, for a total value of $129,939.51. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.
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Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
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