RBC Capital has adjusted its price target for Northern Trust (NTRS, Financial), reducing it from $115 to $105 while maintaining an Outperform rating on the shares. Despite the lowered target, the financial services company recently reported robust first-quarter results, highlighting positive operating leverage.
The bank's future profitability is expected to be significantly influenced by ongoing market conditions, particularly fluctuations in short-term interest rates. However, Northern Trust's established reputation and capable management are seen as strengths that will enable the firm to navigate these challenges effectively and achieve sustained performance over time.
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 10.98% from the current price of $93.30. 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 13.41% from the current price of $93.295. 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.
