Northern Trust Corp. (NASDAQ: NTRS)’s stock price has increased by 0.41 compared to its previous closing price of 87.57. However, the company has seen a 1.51% increase in its stock price over the last five trading sessions. MarketBeat reported 2024-04-02 that Every cycle brings new opportunities; now that the Federal Reserve (the Fed) is looking to cut interest rates in 2024, the market could be getting ready to shift in a new direction. Banking stocks could be the first to move, as they are tied to the financial pulse of the economy.
Is It Worth Investing in Northern Trust Corp. (NASDAQ: NTRS) Right Now?
The price-to-earnings ratio for Northern Trust Corp. (NASDAQ: NTRS) is above average at 17.34x, Company’s 36-month beta value is 1.13.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 12 as “hold,” and 1 as “sell.”
The public float for NTRS is 199.55M, and currently, short sellers hold a 1.24% ratio of that floaft. The average trading volume of NTRS on April 04, 2024 was 1.55M shares.
NTRS’s Market Performance
NTRS stock saw an increase of 1.51% in the past week, with a monthly gain of 4.00% and a quarterly increase of 3.61%. The volatility ratio for the week is 1.69%, and the volatility levels for the last 30 days are 2.07% for Northern Trust Corp. (NTRS). The simple moving average for the past 20 days is 4.56% for NTRS’s stock, with a 14.20% simple moving average for the past 200 days.
Analysts’ Opinion of NTRS
Many brokerage firms have already submitted their reports for NTRS stocks, with Morgan Stanley repeating the rating for NTRS by listing it as a “Underweight.” The predicted price for NTRS in the upcoming period, according to Morgan Stanley is $86 based on the research report published on January 30, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see NTRS reach a price target of $99, previously predicting the price at $68. The rating they have provided for NTRS stocks is “Buy” according to the report published on January 09th, 2024.
Wolfe Research gave a rating of “Underperform” to NTRS, setting the target price at $85 in the report published on January 03rd of the current year.
NTRS Trading at 7.29% from the 50-Day Moving Average
After a stumble in the market that brought NTRS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.94% of loss for the given period.
Volatility was left at 2.07%, however, over the last 30 days, the volatility rate increased by 1.69%, as shares surge +3.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.01% upper at present.
During the last 5 trading sessions, NTRS rose by +1.51%, which changed the moving average for the period of 200-days by +16.25% in comparison to the 20-day moving average, which settled at $84.24. In addition, Northern Trust Corp. saw 4.21% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NTRS starting from FRADKIN STEVEN L, who sale 30,392 shares at the price of $80.11 back on Feb 22 ’24. After this action, FRADKIN STEVEN L now owns 55,707 shares of Northern Trust Corp., valued at $2,434,703 using the latest closing price.
Tyler Jason J., the EVP & Chief Financial Officer of Northern Trust Corp., purchase 400 shares at $62.69 during a trade that took place back on Oct 25 ’23, which means that Tyler Jason J. is holding 41,477 shares at $25,076 based on the most recent closing price.
Stock Fundamentals for NTRS
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 1.0 for the gross margin
The net margin for Northern Trust Corp. stands at 0.13. The total capital return value is set at 0.01. Equity return is now at value 9.46, with 0.72 for asset returns.
Based on Northern Trust Corp. (NTRS), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 1.45. The interest coverage ratio of the stock is 0.35.
Currently, EBITDA for the company is -53.4 million with net debt to EBITDA at -10.65. When we switch over and look at the enterprise to sales, we see a ratio of -0.69. The receivables turnover for the company is 39.87for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.31.
Conclusion
In a nutshell, Northern Trust Corp. (NTRS) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
