State Street Corp (NYSE:STT) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 29, 2016
Zacks Investment Research has downgraded State Street Corp (NYSE:STT) to Hold in a statement released on Tuesday November 29, 2016.
On 11/28/2016, Zacks Investment Research released a statement for State Street Corp (NYSE:STT) bumped up the target price from $0.00 to $88.00 that suggested an upside of 0.12%.
Boasting a price of $76.86, State Street Corp (NYSE:STT) traded 0.29% higher on the day. With the last stock price close up 16.56% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. State Street Corp has recorded a 50-day average of $73.23 and a two hundred day average of $66.13. Volume of trade was down over the average, with 967,024 shares of STT changing hands under the typical 2,226,210
With a total market value of $0, State Street Corp has price-earnings ratio of 15.77 with a one year low of $50.60 and a one year high of $79.27 .
A total of 18 equity analysts have released a research note on STT. Three equity analysts rating the company a strong buy, four equity analysts rating the company a buy, eleven equity analysts rating the company a hold, three equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $64.28.
Brief Synopsis About State Street Corp (NYSE:STT)
State Street Corporation, the parent company, is a financial holding company. The parent company provides financial and managerial support to its legal and operating subsidiaries. The Company, through its subsidiary, State Street Bank, provides a range of financial services and products to institutional investors across the world. Its clients include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments and investment managers. It has approximately two lines of business: Investment Servicing and Investment Management. Its Investment Servicing line of business performs core custody and related value-added functions, such as providing institutional investors with clearing, payment and settlement services. Its Investment Management services through State Street Global Advisors (SSGA). SSGA provides a range of investment management, investment research and investment advisory services.
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