Raymond James Lowers NASDAQ to Market Perform (NDAQ)

By admin | 6 years ago

NASDAQ (NASDAQ: NDAQ) was downgraded by Raymond James (NYSE: RJF) from an “outperform” rating to a “market perform” rating in a research note issued on Wednesday.

NDAQ has been the subject of a number of other recent research reports. Analysts at Deutsche Bank (NYSE: DB) downgraded shares of NASDAQ from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of NASDAQ in a research note to investors on Thursday, April 26th. They now have a $26.00 price target on the stock.

NASDAQ traded down 0.09% on Wednesday, hitting $21.79. NASDAQ has a 52-week low of $20.32 and a 52-week high of $28.08. The company has a market cap of $3.705 billion and a price-to-earnings ratio of 10.59.

NASDAQ last posted its quarterly earnings results on Wednesday, April 25th. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.63 by $0.02. The company’s quarterly revenue was down .5% on a year-over-year basis. Analysts expect that NASDAQ will post $0.66 EPS next quarter.

The NASDAQ OMX Group, Inc. is a holding company. The Company is a global exchange group that delivers trading, clearing, exchange technology, securities listing, and public company services across six continents.

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