State Street Given Average Recommendation of “Hold” by Analysts (NYSE:STT)
Shares of State Street (NYSE:STT) have received a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the company, AnalystRatingsNetwork.com reports. Seven research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $74.31.
State Street (NYSE:STT) opened at 67.61 on Thursday. State Street has a 1-year low of $62.67 and a 1-year high of $76.24. The stock has a 50-day moving average of $66.90 and a 200-day moving average of $67.66. The company has a market cap of $29.101 billion and a P/E ratio of 15.17.
State Street (NYSE:STT) last issued its quarterly earnings data on Friday, April 25th. The company reported $0.81 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.00 by $0.19. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter last year, the company posted $0.96 earnings per share. State Street’s revenue was up 3.6% compared to the same quarter last year. Analysts expect that State Street will post $4.78 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of State Street in a research note on Thursday. They now have a $71.50 price target on the stock, down previously from $72.00. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of State Street from $71.00 to $74.00 in a research note on Thursday, June 26th. They now have a “market perform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of State Street in a research note on Thursday, June 12th. They now have a $70.00 price target on the stock.
State Street Corporation (NYSE:STT) is a financial holding company.
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