FMP
Jan 23, 2023 8:03 AM - Davit Kirakosyan
Northern Trust (NASDAQ:NTRS) plunged more than 8% on Thursday after the company reported its Q4 results, with EPS of $0.71 coming in worse than the Street estimate of $1.81. However, there were $0.94 of charges ($265.8 million pretax, $199.1 million aftertax), adding that back equates to EPS of $1.65. Revenue was $1.53 billion, missing the Street estimate of $1.76 billion.
Following the results, several Wall Street analysts lowered their price targets on the company’s stock. Deutsche Bank cut its price target to $90.00 from $95.00 while maintaining a Hold rating. Morgan Stanley cut the price target to $97.00 from $103.00 while maintaining an Equal-weight rating.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...