7 analysts have shared their evaluations of M&T Bank (NYSE:MTB) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 3 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 2 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $160.57, a high estimate of $179.00, and a low estimate of $145.00. This current average has increased by 2.11% from the previous average price target of $157.25.
Interpreting Analyst Ratings: A Closer Look
The analysis of recent analyst actions sheds light on the perception of M&T Bank by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Peter Winter | DA Davidson | Maintains | Neutral | $159.00 | - |
| Manan Gosalia | Morgan Stanley | Raises | Overweight | $179.00 | $160.00 |
| Peter Winter | DA Davidson | Lowers | Neutral | $159.00 | $163.00 |
| Frank Schiraldi | Piper Sandler | Lowers | Overweight | $152.00 | $156.00 |
| Gerard Cassidy | RBC Capital | Maintains | Outperform | $160.00 | - |
| Jason Goldberg | Barclays | Raises | Equal-Weight | $170.00 | $150.00 |
| Matt O'Connor | Deutsche Bank | Announces | Hold | $145.00 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to M&T Bank. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of M&T Bank compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of M&T Bank's stock. This analysis reveals shifts in analysts' expectations over time.
To gain a panoramic view of M&T Bank's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on M&T Bank analyst ratings.
Unveiling the Story Behind M&T Bank
M&T Bank is one of the largest regional banks in the United States, with branches in New York, Pennsylvania, West Virginia, Virginia, Maryland, Delaware, and New Jersey. The bank was founded to serve manufacturing and trading businesses around the Erie Canal and is primarily focused on commercial real estate and commercial-related lending, with some retail operations also present.
Breaking Down M&T Bank's Financial Performance
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Negative Revenue Trend: Examining M&T Bank's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -2.69% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.
Net Margin: M&T Bank's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 20.01%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): M&T Bank's ROE stands out, surpassing industry averages. With an impressive ROE of 1.86%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): M&T Bank's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.22% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: M&T Bank's debt-to-equity ratio stands notably higher than the industry average, reaching 0.53. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Analyst Ratings: Simplified
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
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.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
