Bank of New York Mellon Receives Buy Rating from TheStreet (BK)
“Bank of New York Mellon (BK) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
,” TheStreet’s analyst wrote.
A number of other firms have also recently commented on BK. Analysts at Jefferies Group raised their price target on shares of Bank of New York Mellon from $26.00 to $29.00 in a research note to investors on Monday, March 4th. They now have a hold rating on the stock. Finally, analysts at JPMorgan Chase reiterated a neutral rating on shares of Bank of New York Mellon in a research note to investors on Monday, February 25th. They now have a $28.00 price target on the stock, up previously from $25.50.
One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Bank of New York Mellon currently has an average rating of Hold and an average price target of $90.21.
Bank of New York Mellon (NYSE: BK) opened at 28.26 on Tuesday. Bank of New York Mellon has a 1-year low of $19.30 and a 1-year high of $29.13. The stock’s 50-day moving average is currently $27.85. The company has a market cap of $32.837 billion and a price-to-earnings ratio of 13.92.
The Bank of New York Mellon Corporation (NYSE: BK) is a global financial services company. The Company divides its businesses into two principal segments: Investment Management and Investment Services.
To view TheStreet’s full report, visit www.thestreetratings.com
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