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.

Several price targets were given for BK by the analysts covering the stock. The maximum price target given was 62, implying a possible profit of 17.93 percent. The most pessimistic price target was 49, implying potential capital losses of -6.8 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

Analysts have revised their earnings estimates downwards for this quarter, by about -1.6 percent on average, compared to last month. That number becomes -1.6 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 1.15 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.15 percent.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 5 analysts revised their estimates downwards. Over the same time period, 8 analysts revised their FY earnings estimates upwards, while 1 analysts decreased their estimates.

The growth rate of BK's earnings is estimated by analysts to be 3.87 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of BK is 4.02.

BK has traded between a high of 54.59 and a low of 38.53 over the past year. 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 price/earnings 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.