NYSE Euronext’s Estimates Lowered at Jefferies on Sluggish Trading Volumes (NYX)

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Stock exchange operator NYSE Euronext ( NYX ) on Monday received some tepid commentary from analysts at Jefferies & Co.

The firm maintained its "Hold" rating and $26 price target on NYX, which suggests a small upside to the stock's Friday closing price of $24.91.

However, Jefferies lowered its 2012 earnings estimate for the company from $2.14 to $2.04 per share, citing "the continued slowdown in technology and market dataspend, as well as ongoing sluggishness in trading volumes." Continuing, "Our 2013 EPS estimate remains unchanged as we anticipate a modest rebound in volumes next year and management continues to make headway on lowering its expense base."

NYSE Euronext shares were mostly flat in premarket trading Monday.

The Bottom Line
Shares of NYSE Euronext ( NYX ) have a 4.82% dividend yield, based on Friday's closing stock price of $24.91. The stock has technical support in the $22 price area. If the shares can firm up, we see overhead resistance around the $26-$27 price levels.

NYSE Euronext ( NYX ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com

This article appears in: Investing , Stocks

Referenced Stocks: NYX

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