Northern Trust Corp. (NASDAQ: NTRS)’s stock price has plunge by 1.13relation to previous closing price of 84.66. Nevertheless, the company has seen a 3.09% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-03 that While high funding costs and deteriorating asset quality will hurt Zacks Major Regional Banks, higher rates, modest loan demand, solid economic growth and business restructuring efforts are likely to offer support to industry players like Wells Fargo (WFC) and Northern Trust (NTRS).
Is It Worth Investing in Northern Trust Corp. (NASDAQ: NTRS) Right Now?
Northern Trust Corp. (NASDAQ: NTRS) has a price-to-earnings ratio that is above its average at 18.95x. The stock has a 36-month beta value of 1.12. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 3 as “overweight,” 12 as “hold,” and 1 as “sell.”
The public float for NTRS is 201.54M, and at present, short sellers hold a 0.86% of that float. On May 09, 2024, the average trading volume of NTRS was 1.50M shares.
NTRS’s Market Performance
NTRS stock saw a decrease of 3.09% in the past week, with a monthly decline of -2.84% and a quarterly a decrease of 8.22%. The volatility ratio for the week is 1.54%, and the volatility levels for the last 30 days are 2.03% for Northern Trust Corp. (NTRS). The simple moving average for the last 20 days is 2.71% for NTRS stock, with a simple moving average of 9.41% 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 1.95% 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 -4.07% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 1.54%, as shares surge +0.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.70% upper at present.
During the last 5 trading sessions, NTRS rose by +3.09%, which changed the moving average for the period of 200-days by +7.59% in comparison to the 20-day moving average, which settled at $83.37. In addition, Northern Trust Corp. saw 1.47% 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 4,097 shares at the price of $82.56 back on May 01 ’24. After this action, FRADKIN STEVEN L now owns 46,078 shares of Northern Trust Corp., valued at $338,248 using the latest closing price.
FRADKIN STEVEN L, the President/Wealth Management of Northern Trust Corp., sale 30,392 shares at $80.11 during a trade that took place back on Feb 22 ’24, which means that FRADKIN STEVEN L is holding 55,707 shares at $2,434,703 based on the most recent closing price.
Stock Fundamentals for NTRS
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 1.0 for the gross margin
The net margin for Northern Trust Corp. stands at 0.1. The total capital return value is set at 0.01. Equity return is now at value 8.24, with 0.64 for asset returns.
Based on Northern Trust Corp. (NTRS), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 1.36. The interest coverage ratio of the stock is 0.15.
Currently, EBITDA for the company is -53.4 million with net debt to EBITDA at -35.89. When we switch over and look at the enterprise to sales, we see a ratio of -1.26. The receivables turnover for the company is 88.58for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.41.
Conclusion
To sum up, Northern Trust Corp. (NTRS) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
