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 price target was 62, implying a possible profit of 17.93 percent. The most pessimistic analyst gave a price target of 49, which equates to a potential downside 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.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average 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. 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.

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 made negative revisions. Also over the last month, 8 analysts increased their estimates for the FY earnings, while 1 analysts made negative revisions to their fiscal year's estimates.

The growth rate of BK's earnings is estimated by analysts to be 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, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. BK has a PEG ratio of 4.02.

In the last 52-weeks, BK has achieved a high of 54.59 and a low of 38.53. Currently the stock is 36.45 percent higher than its low, and below the high by 3.69 percent. 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's next earnings release will be on 0000-00-00, which is days away.