Critical Insights From State Street Analyst Ratings: What You Need To Know

State Street Corporation +0.45%

State Street Corporation

STT

74.16

+0.45%

In the latest quarter, 10 analysts provided ratings for State Street (NYSE:STT), showcasing a mix of bullish and bearish perspectives.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 1 2 6 1 0
Last 30D 0 0 1 0 0
1M Ago 1 1 3 1 0
2M Ago 0 1 1 0 0
3M Ago 0 0 1 0 0

Insights from analysts' 12-month price targets are revealed, presenting an average target of $85.6, a high estimate of $102.00, and a low estimate of $77.00. Surpassing the previous average price target of $80.00, the current average has increased by 7.0%.

price target chart

Interpreting Analyst Ratings: A Closer Look

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
Connor Lynagh Morgan Stanley Raises Equal-Weight $88.00 $83.00
Gerard Cassidy RBC Capital Raises Sector Perform $85.00 $75.00
Michael Brown Keefe, Bruyette & Woods Lowers Market Perform $86.00 $89.00
Brennan Hawken UBS Raises Neutral $82.00 $70.00
Ebrahim Poonawala B of A Securities Maintains Underperform $81.00 -
Alexander Blostein Goldman Sachs Announces Buy $92.00 -
Jason Goldberg Barclays Raises Overweight $102.00 $87.00
Mike Mayo Wells Fargo Maintains Overweight $83.00 -
Connor Lynagh Morgan Stanley Raises Equal-Weight $80.00 $77.00
Connor Lynagh Morgan Stanley Lowers Equal-Weight $77.00 $79.00

Key Insights:

  • Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to State Street. This insight gives a snapshot of analysts' perspectives on the current state of the company.
  • Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of State Street compared to the broader market.
  • Price Targets: Delving into movements, analysts provide estimates for the future value of State Street's stock. This analysis reveals shifts in analysts' expectations over time.

For valuable insights into State Street's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on State Street analyst ratings.

About 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.

State Street's Financial Performance

Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.

Revenue Growth: State Street's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 13.08%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.

Net Margin: State Street's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 5.65%, the company may face hurdles in effective cost management.

Return on Equity (ROE): State Street's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.79%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): State Street's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.06%, the company may face hurdles in achieving optimal financial returns.

Debt Management: State Street's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.99.

Understanding the Relevance of Analyst Ratings

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.

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.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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