At the time of writing, M & T Bank Corp [MTB] stock is trading at $174.05, up 0.13%. 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 MTB shares have gain 4.92% over the last week, with a monthly amount glided 5.87%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
M & T Bank Corp [NYSE: MTB] stock has seen the most recent analyst activity on September 03, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $215 from $183. Previously, Wells Fargo downgraded its rating to Underweight on August 15, 2024, and dropped its price target to $165. On December 18, 2023, downgrade downgraded it’s rating to Hold but maintained its price target of $145 on the stock. Odeon downgraded its rating to a Hold but stick to its price target of $133.65 on September 29, 2023. Argus upgraded its rating to a Buy but $150 remained the price target by the analyst firm on April 18, 2023. UBS downgraded its rating to Neutral for this stock on April 10, 2023. In a note dated March 27, 2023, Citigroup upgraded an Buy rating on this stock and revised its target price from $178 to $155.
For the past year, the stock price of M & T Bank Corp fluctuated between $108.53 and $176.44. Currently, Wall Street analysts expect the stock to reach $184.69 within the next 12 months. M & T Bank Corp [NYSE: MTB] shares were valued at $174.05 at the most recent close of the market. An investor can expect a potential return of 6.11% based on the average MTB price forecast.
Analyzing the MTB fundamentals
According to M & T Bank Corp [NYSE:MTB], the company’s sales were 13.11B for trailing twelve months, which represents an 1.57% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.57.
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 172.04 points at the first support level, and at 170.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 176.83, and for the 2nd resistance point, it is at 179.62.
Ratios To Look Out For
It is important to note that M & T Bank Corp [NYSE:MTB] has a current ratio of 0.50. Considering the valuation of this stock, the price to sales ratio is 2.22, the price to book ratio is 1.13 and price to earnings (TTM) ratio is 12.91.
Transactions by insiders
Recent insider trading involved SALAMONE DENIS J, Director, that happened on Sep 03 ’24 when 10000.0 shares were sold. Director, Denis J. Salamone completed a deal on Sep 03 ’24 to buy 10000.0 shares. Meanwhile, Director WALTERS KIRK W sold 10441.0 shares on Aug 22 ’24.
