M & T Bank Corp [NYSE: MTB] gained 5.03% on the last trading session, reaching $198.87 price per share at the time.
If compared to the average trading volume of 1.02M shares, MTB reached a trading volume of 3219748 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about M & T Bank Corp [MTB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MTB shares is $200.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MTB stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for M & T Bank Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 04, 2024. While these analysts kept the previous recommendation, Evercore ISI raised their target price from $187 to $210. The new note on the price target was released on October 02, 2024, representing the official price target for M & T Bank Corp stock. Previously, the target price had yet another raise from $183 to $215, while JP Morgan kept a Overweight rating on MTB stock. On August 15, 2024, analysts decreased their price target for MTB shares from 170 to 165.
The Average True Range (ATR) for M & T Bank Corp is set at 4.57, with the Price to Sales ratio for MTB stock in the period of the last 12 months amounting to 2.53. The Price to Book ratio for the last quarter was 1.30. Price to Free Cash Flow for MTB in the course of the last twelve months was 8.47.
Trading performance analysis for MTB stock
M & T Bank Corp [MTB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.05. With this latest performance, MTB shares gained by 14.26% in over the last four-week period, additionally plugging by 42.76% over the last 6 months – not to mention a rise of 59.88% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MTB stock in for the last two-week period is set at 80.12, with the RSI for the last a single of trading hit 86.66, and the three-weeks RSI is set at 75.42 for M & T Bank Corp [MTB]. The present Moving Average for the last 50 days of trading for this stock 172.02, while it was recorded at 188.97 for the last single week of trading, and 152.42 for the last 200 days.
M & T Bank Corp [MTB]: A deeper dive into fundamental analysis
M & T Bank Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.50.
M & T Bank Corp [MTB]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, M & T Bank Corp posted 3.98/share EPS, while the average EPS was predicted by analysts to be reported at 3.93/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MTB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for M & T Bank Corp go to 4.50%.
An analysis of Institutional ownership at M & T Bank Corp [MTB]
There are presently around $86.94%, or 87.33%% of MTB stock, in the hands of institutional investors. The top three institutional holders of MTB stocks are: VANGUARD GROUP INC with ownership of 19.32 million shares, which is approximately 11.6302%. BLACKROCK INC., holding 12.71 million shares of the stock with an approximate value of $$1.92 billion in MTB stocks shares; and BLACKROCK INC., currently with $$1.73 billion in MTB stock with ownership which is approximately 6.8939%.
