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.
Investment analysts gave a few price targets for BK. The highest price target was 62, implying potential capital gains of 17.93 percent. The lowest price target was 49, implying a possible loss of -6.8 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Analysts have revised their earnings estimates downwards for this quarter, by about -1.6 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -1.6 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 1.15 percent. 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 have revised their quarterly estimates upwards in the past 30 days, 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. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 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. Today's price is 36.45 percent above the 52-week low, 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 stock has a market capitalization of $54.61 billion. BK's next earnings release will be on 0000-00-00, which is days away.