Stock To Watch: M&T Bank Corporation (NYSE:MTB)


The leading market experts have placed a mean price target of $117.86 on M&T Bank Corporation (NYSE:MTB) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $2.07 a share for the upcoming quarter and $7.99 for the current fiscal.

Technical View

The technical analysis of M&T Bank Corporation Common Sto plainly substantiates that the 50-day moving average of M&T Bank Corporation Common Sto is $115.43, and stock is trading $2.29 points away or +1.99% from its 50-day moving average of $115.43. Further it is trading $4.08 or +3.59% away its 200-day moving average of $113.64. M&T Bank Corporation (NYSE:MTB) 52-week high is $131.77 and the 52-week low is $100.08.

This explains if the stock moves $-14.05, it will post a 52-week high. In event of +17.63% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of M&T Bank Corporation Common Sto, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, M&T Bank Corporation (NYSE:MTB) ratio came in at 16.19.

The stock last ended the trading session at $117.72 and registered a market cap of $18.45B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. M&T Bank Corporation (NYSE:MTB) PEG ratio is at 2.74.

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