At the time of writing, Bank Of New York Mellon Corp [BK] stock is trading at $56.29, up 1.88%. An important factor to consider is whether the stock is rising or falling in short-term value. The BK shares have gain 2.25% over the last week, with a monthly amount glided 0.25%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Bank Of New York Mellon Corp [NYSE: BK] stock has seen the most recent analyst activity on January 30, 2024, when Morgan Stanley upgraded its rating to a Equal-Weight and also boosted its price target to $62 from $52. Previously, JP Morgan upgraded its rating to Overweight on December 18, 2023, and kept the price target unchanged to $54.50. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $60 on January 04, 2023. Goldman upgraded its rating to a Buy but $59 remained the price target by the analyst firm on January 04, 2023. Morgan Stanley downgraded its rating to Underweight for this stock on December 06, 2022, but kept the price target unchanged to $42. In a note dated October 04, 2022, Citigroup upgraded an Buy rating on this stock but restated the target price of $46.
For the past year, the stock price of Bank Of New York Mellon Corp fluctuated between $39.65 and $58.28. Currently, Wall Street analysts expect the stock to reach $61.86 within the next 12 months. Bank Of New York Mellon Corp [NYSE: BK] shares were valued at $56.29 at the most recent close of the market. An investor can expect a potential return of 9.9% based on the average BK price forecast.
Analyzing the BK fundamentals
According to Bank Of New York Mellon Corp [NYSE:BK], the company’s sales were 36.21B for trailing twelve months, which represents an 33.73% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.18.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 55.67 points at the first support level, and at 55.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.66, and for the 2nd resistance point, it is at 57.03.
Ratios To Look Out For
It is important to note that Bank Of New York Mellon Corp [NYSE:BK] has a current ratio of 4.69. Considering the valuation of this stock, the price to sales ratio is 1.17, the price to book ratio is 1.16 and price to earnings (TTM) ratio is 13.70.
Transactions by insiders
Recent insider trading involved Keating Catherine, Sr. Exec. Vice President, that happened on Feb 08 ’24 when 4498.0 shares were sold. Sr. Exec. Vice President, Keating Catherine completed a deal on Jan 16 ’24 to sell 31322.0 shares. Meanwhile, Sr. Exec. Vice President Smits Hanneke sold 15425.0 shares on Jan 16 ’24.
