Analyst Ratings for Bank of New York Mellon Corp. (BK)Updated: 2017-07-28
Shares of Bank of New York Mellon Corp. (NYSE:BK) have received a consensus rating of Hold from Wall Street analysts. Last month, BK received an average rating of Hold.
21 analysts issued ratings on the stock, where 5 gave BK a buy rating, 2 gave an overweight rating, 12 gave a hold rating, 1 issued an underweight rating, and 1 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. During this time, the number of analysts bearish on the stock has increased by 1.
A number of analysts gave price targets for BK. The maximum price target given was 62, which equates to a potential upside of 17.93 percent. The most pessimistic analyst gave a price target of 49, implying a possible loss of -6.8 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -1.6 percent. The average change in earnings estimates over the last 90 days is -1.6 percent. Meanwhile, fiscal year estimates have been revised upwards by 1.15 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 1.15 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 5 analysts revised their estimates downwards. During this time, 8 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts decreased their estimates.
Analysts estimate earnings of BK to grow at a rate of 3.87 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. BK has a PEG ratio of 4.02.
In the trailing 52-weeks, BK hit 54.59 at the highest peak, while it's lowest trading point was 38.53. The current market price is above the trailing year's low by 36.45 percent, and 3.69 percent lower than its 52-week high. BK has a P/E ratio of 15.57. Investors typically compare the P/E ratio to a company's peers in the industry. The BK value stock report compares BK to some of its peers using value stock charts. The stock has a market capitalization of $54.61 billion. BK will post this quarters earnings in days, on 0000-00-00.