Looking at top Wall Street opinions, The Bank of New York Mellon Corporation (NYSE: BK) has recently made its way into the research list of Citigroup – signaling that their analyst’s rating adjustment is noteworthy. This stock was downgraded to a rating of Neutral in the eyes of Citigroup, whereas its previous rating was Buy in the eyes of Citigroup, as reported on Wednesday, January 9th, 2019. Another heavy-hitting research note was published by Keefe Bruyette on Friday October 19th, 2018, with this firm downgrading BK to an updated rating of Underperform from its previous rating of Mkt Perform. In the past six months and three months of trading, shares of The Bank of New York Mellon Corporation (BK) have moved by 1.00% and 10.68%, respectively.
Brokerage Updates Related to The Bank of New York Mellon Corporation (BK) Stock
Of the latest market expert opinions, 3 have given an underperform rating, 1 has given a sell rating, and 1 have given a rating of Buy or better. Based on the 21 stock market experts following this company, the average 12-month price target is $53.56. Moreover, individual price targets range between $46.00-$67.00. With its recent move to $53.00, we can see that these firms project this stock will loss by -5.72% in one year.
Updates from The Bank of New York Mellon Corporation (BK) SEC Form 4
This particular company’s shares have garnered a lot of attention in recent days, as insiders are unloading their holdings while having generated a 0.20% rise since the beginning of the calendar year. A Director at The Bank of New York Mellon Corporation (BK) sold off some of its shares in a transaction that was finalized on Mar 13. Similarly, GARDEN EDWARD P sold 618,704 shares of the organization’s stock at $52.05 apiece and racked up $32,201,935 in earnings from the sale. Now, GARDEN EDWARD P holds 13,400,232 shares of the company following the exchange. A Director of the organization named GARDEN EDWARD P, was engaged in a transaction that occurred on Mar 11 that managed to be worth $69,472 from the sale of 1,336 common shares at a price of $52.00 per individual share.
The Bank of New York Mellon Corporation (NYSE:BK) Results in the Pipeline
The next scheduled release of financial results for The Bank of New York Mellon Corporation will be for the Dec-18 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be $0.92. In the same vein, they expect sales for the quarter to amount to $4,024.50 million.
Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $4,007.00 million in revenue alongside EPS at $0.99. On average, the analyst projection was calling for $4,069.00 million with $1.06 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $4,138.00 million, with earnings per share ending up at $1.03.
Cypress Semiconductor Corporation (NASDAQ:CY) experienced a drop of -0.46% from the closing price in the previous trading day. That drove the price to $15.09 per share, as observed on March 14th, 2019, at a time when the total trading volume reached 3,125,538 shares of stock – compared to the typical average of 4.48M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $16.46.
Pricing Indications for Cypress Semiconductor Corporation (CY)
This organization has had a price-to-earnings ratio of 15.77 in the last year. In the most recent trading session, the daily high was $15.325, bringing the per-share value -0.46% high its 52-week high and about -19.37% more expensive than its 52-week low. Meanwhile, it gained 14.39 from its observable 50-day simple moving average. Right at this moment, the per-share value is 0.67% higher than the mean per-share price over the last 200 days in the market.
Cypress Semiconductor Corporation (NASDAQ:CY) In-Depth Brokerage Insights
We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 0 have a sell rating, 1 have a Buy rating, 8 have an outperform rating, while 6 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 1 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at , based on information from Thomson Reuters.
CY Stock Value Potential
In trading activity as of late, this stock’s value was 14.98 up from its 200 day moving average, while also 5.22% up when compared against its 50-day simple moving average. Over the course of the past year of trading, the share price stuck in the range of $11.50-$18.00. The market value for the entire organization reached 5.48B. After the trading day started off at the price of $15.09, these shares nearly bottomed out at its low price of $15.06 and nearly peaked at $15.325 as its full-day high price. In the last trading session, the price ended the day at $15.16. The institutional holdings related to this organization account for 0.40%, and the Beta factor is now 1.96. This company’s RSI (Relative Strength Index) managed to hit 53.05.
Cypress Semiconductor Corporation (NASDAQ:CY) Analyst Points of Focus
Cypress Semiconductor Corporation (CY) has found itself inside of Craig Hallum’s research list, so their analyst rating adjustment is worth taking note of. This stock was Reiterated to Buy, by Craig Hallum, as garnered from a news report on Friday February 1st, 2019. An additional helpful research note was sent out by Craig Hallum’s on Friday October 26th, 2018. The brokerage decided to reiterated CY to Buy.