Benzinga | Oct 25, 2021 02:53PM EDT

What 5 Analyst Ratings Have To Say About Bank of New York Mellon

Analysts have provided the following ratings for Bank of New York Mellon (NYSE:BK) within the last quarter:

Bullish Somewhat Bullish Indifferent Somewhat Bearish BearishTotal Ratings 1 1 3 0 0Last 30D 0 0 1 0 01M Ago 0 1 1 0 02M Ago 1 0 0 0 03M Ago 0 0 1 0 0

These 5 analysts have an average price target of $60.0 versus the current price of Bank of New York Mellon at 59.595, implying upside.

Below is a summary of how these 5 analysts rated Bank of New York Mellon over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

This average price target has increased by 13.21% over the past month.

How Are Analyst Ratings Determined?

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.