M&T Bank Co.’s “Buy” Rating Reaffirmed at Deutsche Bank (MTB)
M&T Bank Co. (NYSE:MTB)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank in a report released on Wednesday. They currently have a $136.00 target price on the stock. Deutsche Bank’s price objective suggests a potential upside of 10.32% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of M&T Bank Co. in a research note on Friday, May 30th. They now have a $127.00 price target on the stock. Separately, analysts at Sterne Agee initiated coverage on shares of M&T Bank Co. in a research note on Friday, May 30th. They set a “neutral” rating on the stock. Finally, analysts at Nomura initiated coverage on shares of M&T Bank Co. in a research note on Wednesday, May 14th. They set a “buy” rating and a $146.00 price target on the stock. Thirteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $123.26.
M&T Bank Co. (NYSE:MTB) traded down 0.06% on Wednesday, hitting $123.20. The stock had a trading volume of 152,463 shares. M&T Bank Co. has a 52-week low of $109.16 and a 52-week high of $125.90. The stock has a 50-day moving average of $122.9 and a 200-day moving average of $118.7. The company has a market cap of $16.199 billion and a price-to-earnings ratio of 15.75.
M&T Bank Co. (NYSE:MTB) last posted its quarterly earnings results on Monday, April 14th. The company reported $1.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.62 by $0.04. During the same quarter in the prior year, the company posted $2.06 earnings per share. Analysts expect that M&T Bank Co. will post $7.62 EPS for the current fiscal year.
M&T Bank Corporation (NYSE:MTB) is a bank holding company.
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