Bank Of New York Mellon Corp [BK] stock is trading at $76.41, up 0.78%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BK shares have lost -3.97% over the last week, with a monthly amount drifted -1.55%, and not 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 December 09, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $94 from $82. Previously, Deutsche Bank upgraded its rating to Buy on September 23, 2024, and elevated its price target to $80. On July 15, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $65 on the stock. Keefe Bruyette upgraded its rating to a Outperform and increased its price target to $70 on June 27, 2024. Morgan Stanley upgraded its rating to a Equal-Weight and raised its price target to $62 on January 30, 2024. JP Morgan upgraded its rating to Overweight for this stock on December 18, 2023, but kept the price target unchanged to $54.50.
Bank Of New York Mellon Corp [BK] stock has fluctuated between $50.87 and $82.72 over the past year. Currently, Wall Street analysts expect the stock to reach $76.8 within the next 12 months. Bank Of New York Mellon Corp [NYSE: BK] shares were valued at $76.41 at the most recent close of the market. An investor can expect a potential return of 0.51% 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 75.69 points at the first support level, and at 74.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.30, and for the 2nd resistance point, it is at 78.20.
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 1.43, the price to book ratio is 1.48 and price to earnings (TTM) ratio is 16.62.
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.
