Analyst Ratings for M&T Bank Corp. (MTB)

Updated: 2017-07-29

An average rating of Hold has been given to M&T Bank Corp. (NYSE:MTB) by analysts covering the stock. Last month, MTB received an average rating of Hold.

A buy rating was issued by 3 analysts, 1 gave an overweight rating, 16 gave a hold rating, 2 gave an underweight rating, and 1 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. During this time, the number of analysts bearish on the stock has increased by 0.

Investment analysts gave a few price targets for MTB. The most optimistic price target was 186, which equates to a potential upside of 15.82 percent. The most pessimistic analyst gave a price target of 130, which equates to a potential downside of -19.05 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.06 percent. That number becomes 1.49 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0.82 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 1.48 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 6 analysts have revised their quarterly estimates upwards in the past 30 days, while 3 analysts made negative revisions. Over the same time period, 5 analysts revised their FY earnings estimates upwards, compared to 3 analysts that revised their FY estimates downwards.

Analysts estimate earnings of MTB to grow at a rate of 9 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, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. MTB has a PEG ratio of 2.09.

In the last 52-weeks, MTB has achieved a high of 173.72 and a low of 111.82. Currently the stock is 43.61 percent higher than its low, and 7.56 percent lower than its 52-week high. MTB has a price/earnings ratio of 18.78. Investors typically compare the P/E ratio to a company's peers in the industry. The MTB value stock report compares MTB to some of its peers using value stock charts. The stock has a market capitalization of $24.26 billion. MTB will post this quarters earnings in days, on 0000-00-00.