Bank Of New York Mellon Corporation (The) (BK) : Currently there are 10 street experts covering Bank Of New York Mellon Corporation (The) (BK) stock. The most bullish and bearish price target for the stock is $50 and $38 respectively for the short term. The average price target of all the analysts comes to $45. The estimated standard deviation from the target is $3.62.
Bank Of New York Mellon Corporation (The) (BK) has an average broker rating of 2.13, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.
Also, In a research note released to the investors, Deutsche Bank maintains its rating on Bank Of New York Mellon Corporation (The) (NYSE:BK).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Deutsche Bank raises the new price target from $46 per share to $47 per share. The rating by the firm was issued on August 5, 2016.
Bank Of New York Mellon Corporation (The) (NYSE:BK): The stock opened at $41.80 on Thursday but the bulls could not build on the opening and the stock topped out at $42.02 for the day. The stock traded down to $41.09 during the day, due to lack of any buying support eventually closed down at $41.47 with a loss of -0.48% for the day. The stock had closed at $41.67 on the previous day. The total traded volume was 3,357,138 shares.
The Bank of New York Mellon Corporation is a provider of financial products and services in domestic and international markets. Through its two principal businesses, Investment Management and Investment Services, it serves institutions, corporations and high net worth individuals. For institutions and corporations, it provides investment management, trust and custody, foreign exchange, fund administration, global collateral services, securities lending, depositary receipts, corporate trust, global payment/cash management, banking services and clearing services. For individuals, it provides mutual funds, separate accounts, wealth management and private banking services. BNY Mellons investment management businesses provide investment products in different asset classes and investment styles. The Company has $28.5 trillion in assets under custody and/or administration and $1.7 trillion in assets under management as of December 31, 2014.