Bank of New York Mellon (BK) Stock Forecast & Price Target

$71.11

-0.75 (-1.04%)

(As of 10/1/2024 ET)

Bank of New York Mellon - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
0

Hold
4

Buy
8

Based on 12 Wall Street analysts who have issued ratings for Bank of New York Mellon in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 4 have given a hold rating, and 8 have given a buy rating for BK.

Consensus Price Target

$69.38
-2.45% Downside

According to the 12 analysts' twelve-month price targets for Bank of New York Mellon, the average price target is $69.38. The highest price target for BK is $80.00, while the lowest price target for BK is $54.50. The average price target represents a forecasted downside of -2.45% from the current price of $71.12.

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BK Analyst Ratings Over Time

Type	Current Forecast 10/3/23 to 10/2/24	1 Month Ago 9/3/23 to 9/2/24	3 Months Ago 7/5/23 to 7/4/24	1 Year Ago 10/3/22 to 10/3/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	4 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$69.38	$66.14	$61.15	$52.80
Forecasted Upside	-2.45% Downside	-3.05% Downside	1.12% Upside	27.77% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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BK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Bank of New York Mellon Stock vs. The Competition

Type	Bank of New York Mellon	Finance Companies	S&P 500
Consensus Rating Score	2.67	2.46	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	-2.45% Downside	15.51% Upside	6.86% Upside
News Sentiment Rating	Positive News See Recent BK News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/30/2024	Morgan Stanley 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$72.00 ➝ $78.00	+9.24%
9/26/2024	The Goldman Sachs Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$74.00 ➝ $80.00	+10.85%
9/23/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Upgrade	Hold ➝ Buy	$66.00 ➝ $80.00	+11.39%
9/19/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Horowitz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$65.00 ➝ $70.00	-2.25%
7/15/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$61.00 ➝ $66.00	+1.60%
7/15/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Konrad Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$70.00 ➝ $75.00	+15.15%
Get the Latest News and Ratings for BK and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Bank of New York Mellon and its competitors with MarketBeat's FREE daily newsletter.
7/15/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$68.00 ➝ $75.00	+16.42%
4/18/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$67.00 ➝ $68.00	+22.97%
4/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$64.00 ➝ $66.00	+20.88%
3/27/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Perform ➝ Sector Perform	$58.00	+2.17%
1/9/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$54.00 ➝ $62.00	+17.14%
12/18/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$54.50	+5.56%
4/19/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight	$52.00 ➝ $51.00	+12.73%
1/4/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$60.00	+29.59%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 04:14 AM ET.

Should I Buy Bank of New York Mellon Stock? BK Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 10, 2024. Please send any questions or comments about these Bank of New York Mellon pros and cons to contact@marketbeat.com.

Bank of New York Mellon
Bull Case

Here are some ways that investors could benefit from investing in The Bank of New York Mellon Co.:

The Bank of New York Mellon Co. recently reported a strong quarterly earnings per share of $1.51, surpassing analysts' estimates by $0.08. This indicates the company's financial health and potential for growth.
The company has a dividend yield of 2.81%, with a dividend payout ratio of 43.52%. This steady dividend payment can provide investors with a reliable income stream.
Bank of New York Mellon has a market capitalization of $50.10 billion, reflecting its size and stability in the market.
Analysts predict that The Bank of New York Mellon Co. will post 5.6 earnings per share for the current fiscal year, showing positive growth prospects.
Insider buying and selling activities can provide valuable insights into the company's performance and future outlook, helping investors make informed decisions.

Bank of New York Mellon
Bear Case

Investors should be bearish about investing in The Bank of New York Mellon Co. for these reasons:

While the company's P/E ratio of 15.51 is reasonable, investors should consider the industry average and compare it with competitors to assess valuation.
The beta of 1.09 indicates that The Bank of New York Mellon Co.'s stock price may be more volatile compared to the market average, posing a risk for investors.
The company's PEG ratio of 1.14 suggests that the stock may be slightly overvalued based on its growth prospects, which investors should take into consideration.
Recent insider selling activities, such as VP Hanneke Smits selling 15,000 shares, could raise concerns about insider confidence in the company's future performance.
While the company has shown growth in revenue, investors should closely monitor any fluctuations in earnings and market conditions that may impact future profitability.

BK Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Bank of New York Mellon is $69.38, with a high forecast of $80.00 and a low forecast of $54.50.
: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last twelve months. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BK shares.
: According to analysts, Bank of New York Mellon's stock has a predicted downside of -2.45% based on their 12-month stock forecasts.
: Over the previous 90 days, Bank of New York Mellon's stock had 1 upgrade and 1 downgrade by analysts.
: Bank of New York Mellon has been rated by research analysts at Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, Keefe, Bruyette & Woods, Morgan Stanley, and The Goldman Sachs Group in the past 90 days.
: Analysts like Bank of New York Mellon more than other "finance" companies. The consensus rating for Bank of New York Mellon is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how BK compares to other companies.