Bank Of New York Mellon Corp [BK] stock is trading at $81.74, up 0.58%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BK shares have gain 4.97% over the last week, with a monthly amount glided 6.77%, 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:
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.
Bank Of New York Mellon Corp [BK] stock has fluctuated between $46.81 and $81.62 over the past year. 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 $81.74 at the most recent close of the market. An investor can expect a potential drop of -19.9% based on the average BK price forecast.
Analyzing the BK fundamentals
Bank Of New York Mellon Corp [NYSE:BK] reported sales of 38.91B for the trailing twelve months, which represents a growth of 15.04%. 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 81.29 points at the first support level, and at 80.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 82.13, and for the 2nd resistance point, it is at 82.53.
Ratios To Look Out For
For context, Bank Of New York Mellon Corp’s Current Ratio is 1.75. Considering the valuation of this stock, the price to sales ratio is 1.54, the price to book ratio is 1.58 and price to earnings (TTM) ratio is 17.78.
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.
