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Analyst Rating: Will Nordstrom Inc (JWN) Stock Do Better Than the Market?

Thursday, November 30, 2023 12:10 PM | InvestorsObserver Analysts

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Analyst Rating: Will Nordstrom Inc (JWN) Stock Do Better Than the Market?

Wall Street is positive on Nordstrom Inc (JWN). On average, analysts give Nordstrom Inc a Hold rating. The average price target is $16.133, which means analysts expect the stock to increase by 3.35% over the next twelve months. That average ranking earns Nordstrom Inc an Analyst Rating of 5, which is better than 5% of stocks based on data compiled by InvestorsObserver.

Overall Score - 2.9
Wall Street analysts are rating JWN a Hold today. Find out what this means to you and get the rest of the rankings on JWN!

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With Nordstrom Inc Stock Today?

Nordstrom Inc (JWN) stock has risen 0.61% while the S&P 500 is down -0.1% as of 12:04 PM on Thursday, Nov 30. JWN has gained $0.09 from the previous closing price of $15.52 on volume of 2,061,438 shares. Over the past year the S&P 500 has risen 11.42% while JWN is down -25.56%. JWN earned $0.71 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 21.91. Click Here to get the full Stock Report for Nordstrom Inc stock.

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