.jpg "State Street Corp (NYSE: STT)")
KBW analyst Melissa Roberts reiterated a Hold rating on State Street Corp (STT) on December 11 and set a price target of $72. The company’s shares closed yesterday at $63.43, close to its 52-week low of $62.46.
According to TipRanks.com, Roberts is a 4-star analyst with an average return of 9.3% and a 51.3% success rate. Roberts covers the Financial sector, focusing on stocks such as Central Valley Community Bancorp, First Bancorp Puerto Rico, and Huntington Bancshares Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for State Street Corp with a $92.25 average price target, which is a 45.4% upside from current levels. In a report issued on December 7, Credit Suisse also maintained a Hold rating on the stock with a $80 price target.
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State Street Corp’s market cap is currently $24.07B and has a P/E ratio of 10.13. The company has a Price to Book ratio of 1.15.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
State Street Corp. operates as a financial holding company. It conducts business primarily through State Street Bank. The company operates through following business lines: Investment Servicing and Investment Management.
