M & T Bank Corp [MTB] stock prices are up 0.27% to $200.36 at the moment. 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 2.43% over the last week, with a monthly amount glided 4.88%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
M & T Bank Corp [NYSE: MTB] stock has seen the most recent analyst activity on December 04, 2024, when JP Morgan downgraded its rating to a Neutral and also boosted its price target to $223.50 from $215. Previously, Citigroup downgraded its rating to Neutral on November 25, 2024, and elevated its price target to $230. On October 04, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $210 on the stock. Evercore ISI upgraded its rating to a Outperform and increased its price target to $210 on October 02, 2024. JP Morgan upgraded its rating to a Overweight and raised its price target to $215 on September 03, 2024. Wells Fargo downgraded its rating to Underweight for this stock on August 15, 2024, and downed its price target to $165. In a note dated December 18, 2023, Deutsche Bank downgraded an Hold rating on this stock but restated the target price of $145.
The stock price of M & T Bank Corp [MTB] has been fluctuating between $128.31 and $225.70 over the past year. Currently, Wall Street analysts expect the stock to reach $211.7 within the next 12 months. M & T Bank Corp [NYSE: MTB] shares were valued at $200.36 at the most recent close of the market. An investor can expect a potential return of 5.66% based on the average MTB price forecast.
Analyzing the MTB fundamentals
The M & T Bank Corp [NYSE:MTB] reported sales of 13.45B for trailing twelve months, representing a surge of 3.75%. 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 of0.49.
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 198.69 points at the first support level, and at 197.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 202.40, and for the 2nd resistance point, it is at 204.44.
Ratios To Look Out For
It’s worth pointing out that M & T Bank Corp [NYSE:MTB]’s Current Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 2.47, the price to book ratio is 1.25 and price to earnings (TTM) ratio is 13.69.
Transactions by insiders
Recent insider trading involved GEISEL GARY N, Vice Chairman, that happened on Dec 03 ’24 when 2490.0 shares were sold. Director, GEISEL GARY N completed a deal on Dec 03 ’24 to buy 2490.0 shares. Meanwhile, Sr. Executive Vice President Woodrow Tracy S. sold 2121.0 shares on Nov 26 ’24.
