Zacks Reiterates Neutral on NYSE Euronext (NYX)

By admin | 6 years ago

NYSE Euronext (NYSE: NYX)‘s stock had its “neutral” rating reiterated by Zacks in a note issued to investors on Tuesday. They currently have a $27.00 target price on the stock.

Shares of NYSE Euronext opened at 25.61 on Tuesday. NYSE Euronext has a 52 week low of $21.80 and a 52 week high of $41.60. The company has a market cap of $6.615 billion and a P/E ratio of 10.85.

The company last announced its quarterly results on Monday, April 30th. It reported $0.47 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.49 EPS by $0.02. The company’s quarterly revenue was down 11.5% on a year-over-year basis. On average, analysts predict that NYSE Euronext will post $0.60 earnings per share next quarter.

A number of other firms have also recently commented on NYX. Analysts at UBS AG (NYSE: UBS) cut their price target on shares of NYSE Euronext from $38.00 to $35.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Citigroup (NYSE: C) cut their price target on shares of NYSE Euronext from $30.00 to $27.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at ISI Group cut their price target on shares of NYSE Euronext from $28.00 to $26.00 in a research note to investors on Tuesday.

NYSE Euronext is a global operator of financial markets and provider of trading solutions. The Company offers an array of products and services in cash equities, futures, options, swaps, exchange-traded products, bonds, clearing operations, market data, commercial technology solutions and carbon trading, all designed to meet the evolving needs of investors, issuers, financial institutions and market participants.

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