State Street Corp. Coverage Initiated at ISI Group (STT)
ISI Group initiated coverage on shares of State Street Corp. (NYSE:STT) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group cut their price target on shares of State Street Corp. from $83.00 to $82.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Separately, analysts at Guggenheim cut their price target on shares of State Street Corp. from $77.50 to $75.00 in a research note to investors on Monday, September 30th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of State Street Corp. in a research note to investors on Wednesday, September 11th. They now have a $72.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $71.61.
Shares of State Street Corp. (NYSE:STT) opened at 65.95 on Tuesday. State Street Corp. has a one year low of $41.09 and a one year high of $71.27. The stock has a 50-day moving average of $67.59 and a 200-day moving average of $65.12. The company has a market cap of $29.412 billion and a price-to-earnings ratio of 14.33.
State Street Corp. (NYSE:STT) last issued its quarterly earnings data on Friday, July 19th. The company reported $1.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.18 by $0.06. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter last year, the company posted $1.01 earnings per share. State Street Corp.’s revenue was up 4.9% compared to the same quarter last year.
State Street Corporation (NYSE:STT) is a financial holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.