Bank Of New York Mellon Corp [BK] stock is trading at $60.50, up 0.65%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BK shares have gain 2.91% over the last week, with a monthly amount glided 1.49%, 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 June 27, 2024, when Keefe Bruyette upgraded its rating to a Outperform and also boosted its price target to $70 from $60. Previously, Morgan Stanley upgraded its rating to Equal-Weight on January 30, 2024, and elevated its price target to $62. On December 18, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $54.50 on the stock. Wolfe Research upgraded its rating to a Outperform but $60 remained the price target by the analyst firm on January 04, 2023. Goldman upgraded its rating to Buy for this stock on January 04, 2023, but kept the price target unchanged to $59. In a note dated December 06, 2022, Morgan Stanley downgraded an Underweight rating on this stock but restated the target price of $42.
Bank Of New York Mellon Corp [BK] stock has fluctuated between $39.66 and $60.87 over the past year. Currently, Wall Street analysts expect the stock to reach $62.14 within the next 12 months. Bank Of New York Mellon Corp [NYSE: BK] shares were valued at $60.50 at the most recent close of the market. An investor can expect a potential return of 2.71% based on the average BK price forecast.
Analyzing the BK fundamentals
Bank Of New York Mellon Corp [NYSE:BK] reported sales of 36.20B for the trailing twelve months, which represents a growth of 33.49%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. 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 of1.66.
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 60.08 points at the first support level, and at 59.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.72, and for the 2nd resistance point, it is at 60.95.
Ratios To Look Out For
For context, Bank Of New York Mellon Corp’s Current Ratio is 1.81. Considering the valuation of this stock, the price to sales ratio is 1.25, the price to book ratio is 1.25 and price to earnings (TTM) ratio is 14.73.
Transactions by insiders
Recent insider trading involved Santhanakrishnan Senthilkumar, Senior Exec VP, that happened on May 08 ’24 when 15643.0 shares were sold. Corporate Controller, Kurimsky Kurtis R. completed a deal on May 07 ’24 to sell 6215.0 shares. Meanwhile, SEVP & General Counsel McCarthy J Kevin sold 40000.0 shares on Apr 19 ’24.
