State Street Corp. PT Raised to $76.00 (STT)
Equities researchers at Keefe, Bruyette & Woods hoisted their target price on shares of State Street Corp. (NYSE:STT) from $74.00 to $76.00 in a research report issued on Friday, Analyst Ratings Network reports. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 3.88% from the stock’s previous close.
State Street Corp. (NYSE:STT) opened at 73.16 on Friday. State Street Corp. has a 52-week low of $48.05 and a 52-week high of $73.63. The stock’s 50-day moving average is $71.56 and its 200-day moving average is $69.00. The company has a market cap of $32.117 billion and a P/E ratio of 16.65.
State Street Corp. (NYSE:STT) last released its earnings data on Tuesday, October 22nd. The company reported $1.19 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.19. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the company posted $0.99 earnings per share. State Street Corp.’s revenue was up 3.4% compared to the same quarter last year. On average, analysts predict that State Street Corp. will post $4.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 16th. Investors of record on Thursday, January 2nd will be paid a dividend of 0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Monday, December 30th.
STT has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of State Street Corp. in a research note to investors on Monday, December 16th. They now have a $73.00 price target on the stock. Separately, analysts at Guggenheim raised their price target on shares of State Street Corp. from $77.50 to $82.00 in a research note to investors on Tuesday, December 3rd. They now have a “neutral” rating on the stock. Finally, analysts at Guggenheim raised their price target on shares of State Street Corp. from $75.00 to $77.50 in a research note to investors on Tuesday, November 5th. They now have a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $72.25.
State Street Corporation (NYSE:STT) is a financial holding company.
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