At the time of writing, Bank Of New York Mellon Corp [BK] stock is trading at $77.57, down -0.05%. 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 lost -0.15% over the last week, with a monthly amount glided 0.35%, 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 September 23, 2024, when Deutsche Bank upgraded its rating to a Buy and also boosted its price target to $80 from $66. Previously, Citigroup downgraded its rating to Neutral on July 15, 2024, and kept the price target unchanged to $65. On June 27, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $70 on the stock. Morgan Stanley upgraded its rating to a Equal-Weight and increased its price target to $62 on January 30, 2024. JP Morgan upgraded its rating to a Overweight but $54.50 remained the price target by the analyst firm on December 18, 2023. In a note dated January 04, 2023, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $60.
For the past year, the stock price of Bank Of New York Mellon Corp fluctuated between $46.00 and $80.29. Currently, Wall Street analysts expect the stock to reach $65.47 within the next 12 months. Bank Of New York Mellon Corp [NYSE: BK] shares were valued at $77.57 at the most recent close of the market. An investor can expect a potential drop of -15.6% 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 38.91B for trailing twelve months, which represents an 15.04% jump. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.81.
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 77.22 points at the first support level, and at 76.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.11, and for the 2nd resistance point, it is at 78.66.
Ratios To Look Out For
It is important to note that Bank Of New York Mellon Corp [NYSE:BK] has a current ratio of 1.75. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 1.50 and price to earnings (TTM) ratio is 16.87.
Transactions by insiders
Recent insider trading involved McCarthy J Kevin, SEVP & General Counsel, that happened on Oct 15 ’24 when 25000.0 shares were sold. Sr. Exec. Vice President, Smits Hanneke completed a deal on Oct 15 ’24 to sell 16475.0 shares. Meanwhile, Officer McCarthy J Kevin bought 25000.0 shares on Oct 15 ’24.
