More from Dividend.com
Referenced Stocks

NYSE Euronext’s Target, Estimates Raised at Goldman Sachs (NYX)

By Dividend.com,  December 27, 2010, 09:12:33 AM EDT

Stock exchange operator NYSE Euronext ( NYX ) on Monday saw its price target and earnings estimates boosted by analysts at Goldman Sachs.

The firm said it now expects NYX shares to reach $34, which implies an 18% upside to the stock's Thursday closing price of $29.69.

Goldman also boosted its fourth quarter and full-year 2010 earnings estimates for the company, citing expected benefits from rising European currencies. The analyst also expects higher trading volumes and M&A activity to bolster profits.

NYSE Euronext shares were mostly flat in premarket trading Monday.

The Bottom Line
Shares of NYSE Euronext ( NYX ) have a 4.04% dividend yield, based on Friday's closing stock price of $29.69. The stock has technical support in the $26-$27 price area. If the shares can firm up, we see overhead resistance around the $32 price levels.

NYSE Euronext ( NYX ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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.


This article appears in: Investing, Stocks

Referenced Stocks: NYX



Latest News Video

Private Wealth Revives, Managers Face Higher Costs
Private Wealth Revives, Managers Fa...
Private Island on the Thames: $11.7 Million
Private Island on the Thames: $11.7...
Take Control Of Your Wealth
Take Control Of Your Wealth         
How to Avoid Getting Caught Pre-Defection
How to Avoid Getting Caught Pre-Def...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.




Most Active by Volume:

Company Last Sale Change Net / %
S $ 7.10 0.22  3.01%
PFE $ 29.68 0.28  0.95%
MU $ 13.795 0.05  0.33%
BAC $ 13.26 0.01  0.08%
SIRI $ 3.465 0.07  1.91%
BBRY $ 14.16 0.68  4.58%
NWSAV $ 15.59 unch
NVDA $ 15.042 0.64  4.46%