NASDAQ OMX Group Receives “Overweight” Rating from Barclays (NDAQ)

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NASDAQ OMX Group (NASDAQ:NDAQ)‘s stock had its “overweight” rating reiterated by research analysts at Barclays in a report released on Friday. They currently have a $43.00 price objective on the stock, down from their previous price objective of $45.00. Barclays’ target price would suggest a potential upside of 14.00% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse upgraded shares of NASDAQ OMX Group from a “neutral” rating to an “outperform” rating in a research note on Friday, May 16th. They now have a $42.00 price target on the stock, up previously from $40.00. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. NASDAQ OMX Group has a consensus rating of “Buy” and an average price target of $38.33.

NASDAQ OMX Group (NASDAQ:NDAQ) opened at 37.72 on Friday. NASDAQ OMX Group has a 52 week low of $29.51 and a 52 week high of $41.25. The stock has a 50-day moving average of $36.78 and a 200-day moving average of $38.02. The company has a market cap of $6.438 billion and a P/E ratio of 14.55.

NASDAQ OMX Group (NASDAQ:NDAQ) last announced its earnings results on Thursday, April 24th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.01. The company had revenue of $529.00 million for the quarter, compared to the consensus estimate of $526.55 million. During the same quarter last year, the company posted $0.64 earnings per share. NASDAQ OMX Group’s revenue was up 26.6% compared to the same quarter last year. Analysts expect that NASDAQ OMX Group will post $2.92 EPS for the current fiscal year.

In other NASDAQ OMX Group news, EVP Anna M. Ewing sold 10,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $38.00, for a total value of $380,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

The NASDAQ OMX Group, Inc (NASDAQ:NDAQ) is a holding company.

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