Stock exchange operator NYSE Euronext (
) 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
The Bottom Line
Shares of NYSE Euronext (
) 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 (
) 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
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