At the time of writing, Bank Of New York Mellon Corp [BK] stock is trading at $71.04, up 0.32%. 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 4.32% over the last week, with a monthly amount glided 8.06%, 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 July 15, 2024, when Citigroup downgraded its rating to a Neutral but kept the price target unchanged to $65 for it. Previously, Keefe Bruyette upgraded its rating to Outperform on June 27, 2024, and elevated its price target to $70. On January 30, 2024, upgrade upgraded it’s rating to Equal-Weight and revised its price target to $62 on the stock. JP Morgan upgraded its rating to a Overweight but stick to its price target of $54.50 on December 18, 2023. Wolfe Research upgraded its rating to Outperform for this stock on January 04, 2023, but kept the price target unchanged to $60. In a note dated January 04, 2023, Goldman upgraded an Buy rating on this stock but restated the target price of $59.
For the past year, the stock price of Bank Of New York Mellon Corp fluctuated between $39.66 and $70.92. Currently, Wall Street analysts expect the stock to reach $62.6 within the next 12 months. Bank Of New York Mellon Corp [NYSE: BK] shares were valued at $71.04 at the most recent close of the market. An investor can expect a potential drop of -11.88% 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 37.58B for trailing twelve months, which represents an 16.19% jump. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.19%. 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 of1.58.
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 70.33 points at the first support level, and at 69.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.77, and for the 2nd resistance point, it is at 72.51.
Ratios To Look Out For
It is important to note that Bank Of New York Mellon Corp [NYSE:BK] has a current ratio of 1.92. Considering the valuation of this stock, the price to sales ratio is 1.40, the price to book ratio is 1.44 and price to earnings (TTM) ratio is 16.42.
Transactions by insiders
Recent insider trading involved Smits Hanneke, Sr. Exec. Vice President, that happened on Jul 18 ’24 when 15000.0 shares were sold. Senior Exec VP, Santhanakrishnan Senthilkumar completed a deal on May 08 ’24 to sell 15643.0 shares. Meanwhile, Corporate Controller Kurimsky Kurtis R. sold 6215.0 shares on May 07 ’24.
