M & T Bank Corp [MTB] stock is trading at $152.66, up 0.93%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MTB shares have gain 4.37% over the last week, with a monthly amount glided 13.20%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
M & T Bank Corp [NYSE: MTB] stock has seen the most recent analyst activity on December 18, 2023, when Deutsche Bank downgraded its rating to a Hold but kept the price target unchanged to $145 for it. Previously, Odeon downgraded its rating to Hold on September 29, 2023, and kept the price target unchanged to $133.65. On April 18, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $150 on the stock. UBS downgraded its rating to a Neutral. Citigroup upgraded its rating to a Buy and reduced its price target to $155 on March 27, 2023. Wolfe Research downgraded its rating to Peer Perform for this stock on March 23, 2023. In a note dated January 10, 2023, Odeon upgraded an Buy rating on this stock but restated the target price of $171.76.
M & T Bank Corp [MTB] stock has fluctuated between $108.53 and $151.33 over the past year. Currently, Wall Street analysts expect the stock to reach $179.15 within the next 12 months. M & T Bank Corp [NYSE: MTB] shares were valued at $152.66 at the most recent close of the market. An investor can expect a potential return of 17.35% based on the average MTB price forecast.
Analyzing the MTB fundamentals
M & T Bank Corp [NYSE:MTB] reported sales of 13.09B for the trailing twelve months, which represents a growth of 14.78%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.6.
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 150.96 points at the first support level, and at 149.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 153.64, and for the 2nd resistance point, it is at 154.61.
Ratios To Look Out For
For context, M & T Bank Corp’s Current Ratio is 0.60. Considering the valuation of this stock, the price to sales ratio is 1.95, the price to book ratio is 1.01 and price to earnings (TTM) ratio is 10.32.
Transactions by insiders
Recent insider trading involved BARNES JOHN P, Director, that happened on May 06 ’24 when 52187.0 shares were sold. Director, WALTERS KIRK W completed a deal on May 06 ’24 to sell 16179.0 shares. Meanwhile, Director BARNES JOHN P sold 13360.0 shares on May 03 ’24.
