Summary:
- Northern Trust (NTRS, Financial) expands in Hong Kong with two new clients utilizing its Investment Data Science offerings.
- Analysts predict a potential price downside for Northern Trust Corp, with an average target suggesting a 12.27% decrease.
- The current consensus recommendation rates Northern Trust Corp as a "Hold".
Northern Trust Corp (NTRS) continues to strengthen its presence in Hong Kong's financial sector, a strategic move that has attracted Clean Alpha Partners and Keyrock Capital Management Limited. These local asset managers have committed to leveraging Northern Trust's cutting-edge, data-driven investment solutions. The adoption of these solutions is facilitated through Northern Trust's collaboration with Equity Data Science, emphasizing the company’s focus on integrating innovative data analytics into investment strategies.
Wall Street Analysts Forecast
In assessing the financial outlook for Northern Trust Corp (NTRS, Financial), 13 analysts have provided a series of one-year price targets. The average price target of $108.62 indicates a potential downside of 12.27% from the current share price of $123.80. Price estimates range from a high of $128.00 to a low of $89.00, reflecting varied expectations about the company's performance. For a deeper dive into these estimates, visit the Northern Trust Corp (NTRS) Forecast page.
Consensus across 16 brokerage firms presently positions Northern Trust Corp's (NTRS, Financial) average brokerage recommendation at 3.1, equating to a "Hold" rating. The rating scale, spanning from 1 to 5, designates 1 as a Strong Buy and 5 as a Sell, positioning Northern Trust in a cautious investment stance given the current market conditions.
According to GuruFocus estimates, the anticipated GF Value for Northern Trust Corp (NTRS, Financial) in the coming year is $105.60. This figure suggests a potential downside of 14.7% from the current trading price of $123.80. The GF Value is GuruFocus' proprietary estimate of a stock's fair market value, derived from historical trading multiples and projected business growth. For more insights, consult the Northern Trust Corp (NTRS) Summary page.
