Citi Sticks to Its Hold Rating for Northern (NTRS)
Citi analyst Emily Ericksen maintained a Hold rating on Northern on February 20 and set a price target of $162.00. The company’s shares closed last Friday at $144.76.
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Ericksen covers the Financial sector, focusing on stocks such as Bank of New York Mellon, Northern, and State Street. According to TipRanks, Ericksen has an average return of 12.7% and a 100.00% success rate on recommended stocks.
Northern has an analyst consensus of Hold, with a price target consensus of $157.77, representing an 8.99% upside. In a report released on February 12, J.P. Morgan also maintained a Hold rating on the stock with a $153.50 price target.
Based on Northern’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.58 billion and a net profit of $457.6 million. In comparison, last year the company earned a revenue of $3.94 billion and had a net profit of $464.9 million
Based on the recent corporate insider activity of 118 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NTRS in relation to earlier this year. Earlier this month, Guy Gibson, the Co-President Asset Servicing of NTRS sold 1,043.00 shares for a total of $153,769.49.
Read More on NTRS:
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- Northern Trust price target raised to $153.50 from $145.50 at JPMorgan
- Northern Trust Highlights Asset Management Growth at Conference
- Northern Trust price target raised to $148 from $130 at Goldman Sachs
- Northern Trust price target raised to $162 from $143 at Citi
- Northern Trust price target raised to $175 from $165 at TD Cowen
