Bank of America analyst Ebrahim Poonawala has adjusted his outlook on Northern Trust (NTRS, Financial), reducing the price target from $121 to $118 while maintaining a Buy rating on the stock. Recent financial disclosures revealed that the company's first-quarter earnings per share exceeded market expectations, prompting a revision in the firm’s guidance for net interest income growth for fiscal year 2025. The growth forecast has been upgraded from a low-single-digit range to low-to-mid single digits.
Despite these positive projections, Poonawala revised Northern Trust’s earnings per share estimates for the fiscal years 2025 and 2026. The updated estimates are now $8.01 and $8.94 respectively, down from previous projections of $8.18 for FY25 and $9.20 for FY26. These adjustments reflect a more cautious outlook despite the better-than-expected performance and improved guidance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Northern Trust Corp (NTRS, Financial) is $103.54 with a high estimate of $128.00 and a low estimate of $81.00. The average target implies an upside of 15.87% from the current price of $89.36. More detailed estimate data can be found on the Northern Trust Corp (NTRS) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Northern Trust Corp's (NTRS, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Northern Trust Corp (NTRS, Financial) in one year is $105.81, suggesting a upside of 18.41% from the current price of $89.36. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Northern Trust Corp (NTRS) Summary page.
