FBR Capital Markets Lowers M&T Bank Corp. Price Target to $125.00 (MTB)
Analysts at FBR Capital Markets reduced their price target on shares of M&T Bank Corp. (NYSE:MTB) from $130.00 to $125.00 in a research report issued to clients and investors on Friday, ARN reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price target points to a potential upside of 10.99% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at ISI Group initiated coverage on shares of M&T Bank Corp. in a research note to investors on Tuesday, October 8th. They set a “buy” rating and a $130.00 price target on the stock. Separately, analysts at Guggenheim cut their price target on shares of M&T Bank Corp. from $128.50 to $120.00 in a research note to investors on Monday, September 30th. They now have a “neutral” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of M&T Bank Corp. from $124.00 to $126.00 in a research note to investors on Friday, September 27th. They now have a “buy” rating on the stock. Fifteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $121.37.
Shares of M&T Bank Corp. (NYSE:MTB) traded up 1.88% during mid-day trading on Friday, hitting $114.74. The stock had a trading volume of 1,845,223 shares. M&T Bank Corp. has a 52-week low of $95.68 and a 52-week high of $119.54. The stock has a 50-day moving average of $112. and a 200-day moving average of $109.6. The company has a market cap of $14.920 billion and a price-to-earnings ratio of 12.71.
M&T Bank Corp. (NYSE:MTB) last issued its quarterly earnings data on Thursday, October 17th. The company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.03. During the same quarter in the previous year, the company posted $2.17 earnings per share. Analysts expect that M&T Bank Corp. will post $8.57 EPS for the current fiscal year.
M&T Bank Corporation (NYSE:MTB) is a bank holding company.
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