The stock price of Northern Trust Corp. (NASDAQ: NTRS) has plunged by -3.49 when compared to previous closing price of 83.71, but the company has seen a -8.32% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-16 that Although the revenue and EPS for Northern Trust (NTRS) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Is It Worth Investing in Northern Trust Corp. (NASDAQ: NTRS) Right Now?
Northern Trust Corp. (NASDAQ: NTRS) has a higher price-to-earnings ratio of 15.93x compared to its average ratio. NTRS has 36-month beta value of 1.13. Analysts have mixed views 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 199.53M, and currently, short sellers hold a 1.03% ratio of that float. The average trading volume of NTRS on April 16, 2024 was 1.55M shares.
NTRS’s Market Performance
NTRS’s stock has seen a -8.32% decrease for the week, with a -0.82% drop in the past month and a -2.98% fall in the past quarter. The volatility ratio for the week is 1.98%, and the volatility levels for the past 30 days are at 1.92% for Northern Trust Corp. The simple moving average for the last 20 days is -6.10% for NTRS stock, with a simple moving average of 4.12% for the last 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 -2.55% 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 -9.48% of loss for the given period.
Volatility was left at 1.92%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares sank -1.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.64% upper at present.
During the last 5 trading sessions, NTRS fell by -8.20%, which changed the moving average for the period of 200-days by +10.29% in comparison to the 20-day moving average, which settled at $85.99. In addition, Northern Trust Corp. saw -4.25% in overturn over a single year, with a tendency to cut further losses.
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 -0.87. 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
To put it simply, Northern Trust Corp. (NTRS) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
