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 most optimistic analyst gave a price target of 62, implying potential capital gains of 17.93 percent. The most pessimistic analyst gave a price target of 49, which equates to a potential downside of -6.8 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -1.6 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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, which can be compared to the 5 analysts that decreased their estimates. Over the same time period, 8 analysts revised their FY earnings estimates upwards, compared to 1 analysts that revised their FY estimates downwards.
Analysts estimate earnings of BK to grow at a rate of 3.87 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, 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, though it could be better to see where the ratio stands relative to peers in the industry. 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 below the 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 market cap of BK is $54.61 billion. BK will post this quarters earnings in days, on 0000-00-00.