Research analysts at Guggenheim boosted their price objective on shares of State Street Corp. (NYSE:STT) from $75.00 to $77.50 in a report released on Tuesday, Stock Ratings News reports. The firm currently has a “neutral” rating on the stock. Guggenheim’s price target suggests a potential upside of 9.46% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group cut their price target on shares of State Street Corp. from $82.00 to $80.00 in a research note to investors on Wednesday, October 23rd. They now have a “buy” rating on the stock. Separately, analysts at ISI Group initiated coverage on shares of State Street Corp. in a research note to investors on Tuesday, October 8th. They set a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $71.64.
State Street Corp. (NYSE:STT) traded down 0.17% during mid-day trading on Tuesday, hitting $70.80. 1,664,441 shares of the company’s stock traded hands. State Street Corp. has a 52 week low of $43.60 and a 52 week high of $71.27. The stock has a 50-day moving average of $67.79 and a 200-day moving average of $66.49. The company has a market cap of $31.244 billion and a price-to-earnings ratio of 16.09.
State Street Corp. (NYSE:STT) last announced its earnings results on Tuesday, October 22nd. The company reported $1.19 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.19. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the company posted $0.99 earnings per share. State Street Corp.’s revenue was up 3.4% compared to the same quarter last year. Analysts expect that State Street Corp. will post $4.59 EPS for the current fiscal year.
State Street Corporation (NYSE:STT) is a financial holding company.
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