Throughout the last three months, 6 analysts have evaluated State Street (NYSE:STT), offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 1 | 3 | 2 | 0 |
| Last 30D | 0 | 0 | 0 | 1 | 0 |
| 1M Ago | 0 | 1 | 2 | 1 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $86.0, a high estimate of $96.00, and a low estimate of $73.00. A 1.38% drop is evident in the current average compared to the previous average price target of $87.20.
Breaking Down Analyst Ratings: A Detailed Examination
A comprehensive examination of how financial experts perceive State Street is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ebrahim Poonawala | B of A Securities | Raises | Underperform | $96.00 | $85.00 |
| Steven Chubak | Wolfe Research | Announces | Underperform | $73.00 | - |
| Glenn Schorr | Evercore ISI Group | Maintains | Outperform | $88.00 | $88.00 |
| Gerard Cassidy | RBC Capital | Maintains | Sector Perform | $85.00 | $85.00 |
| David Konrad | Keefe, Bruyette & Woods | Lowers | Market Perform | $84.00 | $88.00 |
| Connor Lynagh | Morgan Stanley | Maintains | Equal-Weight | $90.00 | $90.00 |
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: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of State Street compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of State Street's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of State Street's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on State Street analyst ratings.
Unveiling the Story Behind State Street
State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $42 trillion in assets under custody and administration and $4.1 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.
Unraveling the Financial Story of State Street
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: State Street's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 1.19%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: State Street's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 13.32%, the company may face hurdles in effective cost management.
Return on Equity (ROE): State Street's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 1.91%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): State Street's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.13%, the company may face hurdles in achieving optimal financial performance.
Debt Management: State Street's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.42, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
The Significance of Analyst Ratings Explained
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.