In the latest quarter, 10 analysts provided ratings for State Street (NYSE:STT), showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 5 | 4 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 0 | 0 |
| 2M Ago | 0 | 3 | 1 | 0 | 0 |
| 3M Ago | 1 | 0 | 2 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $102.0, a high estimate of $120.00, and a low estimate of $87.00. Observing a 6.14% increase, the current average has risen from the previous average price target of $96.10.
Interpreting Analyst Ratings: A Closer Look
A clear picture of State Street's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| David Konrad | Keefe, Bruyette & Woods | Raises | Outperform | $120.00 | $105.00 |
| Mike Mayo | Wells Fargo | Raises | Overweight | $108.00 | $106.00 |
| Brian Bedell | Deutsche Bank | Raises | Hold | $95.00 | $90.00 |
| Jason Goldberg | Barclays | Raises | Overweight | $108.00 | $103.00 |
| Mike Mayo | Wells Fargo | Raises | Overweight | $106.00 | $98.00 |
| Glenn Schorr | Evercore ISI Group | Raises | Outperform | $94.00 | $89.00 |
| Connor Lynagh | Morgan Stanley | Raises | Equal-Weight | $102.00 | $100.00 |
| Connor Lynagh | Morgan Stanley | Raises | Equal-Weight | $100.00 | $93.00 |
| Alexander Blostein | Goldman Sachs | Raises | Buy | $100.00 | $98.00 |
| Brian Bedell | Deutsche Bank | Raises | Hold | $87.00 | $79.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to State Street. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of State Street compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of State Street's stock. This examination reveals shifts in analysts' expectations over time.
Capture valuable insights into State Street's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on State Street analyst ratings.
Delving into State Street's Background
State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $47 trillion in assets under custody and administration and $4.7 trillion assets under management as of Dec. 31, 2023, State Street operates globally in more than 100 geographic markets and employs more than 46,000 worldwide.
Understanding the Numbers: State Street's Finances
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Positive Revenue Trend: Examining State Street's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 18.1% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: State Street's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 21.46%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 3.01%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): State Street's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.21%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 1.34, State Street adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Basics of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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