Evercore ISI recently adjusted its price target on Northern Trust (NASDAQ:NTRS) stock upward to $155.00 from the previous $142.00, while retaining an "In Line" rating. At present, Northern Trust's shares are trading near $153.12, closing in on their year-high mark of $157.60 after achieving a 43.63% increase over the last twelve months.
The investment research firm pointed to enhanced momentum across Northern Trust's business operations, fueled largely by favorable market conditions impacting its diverse financial service sectors.
Evercore ISI's analysts noted heightened confidence from Northern Trust's management regarding organic expansion prospects, notably within the Wealth and Asset Management divisions. They also observed potential for increased operating leverage as part of the company's growth trajectory.
Moreover, the analysts highlighted management’s active pursuit of growth strategies, supported by the current positive market environment. The firm recognized the introduction of new medium-term performance goals as constructive signals for future development.
Despite this optimistic outlook leading to a raised target, Evercore ISI maintained its neutral stance. This cautious posture stems from the belief that Northern Trust must still demonstrate sustained organic growth and agile expense handling during less favorable economic cycles to justify higher returns and valuations across full business cycles. The company trades at a price-to-earnings ratio of 16.84 and a price/earnings-to-growth ratio of 2.27, consistent with fair valuation metrics according to InvestingPro's analysis.
Additional insights provided by InvestingPro reveal a nuanced picture of Northern Trust’s financial health, complemented by extended ProTips accessible to subscribers, covering detailed evaluations from more than 1,400 US-listed stocks.
In recent financial disclosures, Northern Trust posted fourth quarter 2025 earnings per share of $2.42, surpassing the consensus estimate of $2.36. Quarterly revenue tallied $2.14 billion, also outpacing the expected $2.06 billion. These results underline the robust operational performance despite analysts' more conservative projections.
No recent announcements regarding mergers, acquisitions, or analyst recommendation changes have been reported for Northern Trust.