State Street Corporation (STT): What Does Valuation Ratios Tell Us?

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KOSK
KOSK

State Street Corporation (NYSE:STT) saw an upside of 1.50% to $87.51 after adding $1.29 on Tuesday. The 5-day average trading volume is 3,200,457 shares of the company’s common stock. It has gained $87.79 in the past week and touched a new high 4 times within the past 5 days. An average of 2,683,674 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,903,164.

STT’s 1-month performance is 10.55% or $10.14 on its low of $75.03 reached on 01/24/23. The company’s shares have touched a 52-week low of $58.62 and high of $103.76, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, STT has achieved 11.15% or $10.06 and has reached a new high 9 times. However, the current price is down -15.66% from the 52-week high price.

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Valuation Metrics

STT stock has a beta of 1.58. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.55 while the price-to-book (PB) in the most recent quarter is 1.34, with the price to cash flow ratio at 8.67.

As well, the company’s long term debt to equity for the quarter ending December 30 was 0.59, while the total debt to equity was 0.59. The firm’s gross profit as reported stood at $1.91 billion against revenue of $1.91 billion.

Earnings Surprise

For the quarterly period ending December 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected STT to announce $1.98 per share in earnings in its latest quarter, but it posted $2.07, representing a 4.50% surprise. Shareholders hold equity totaling $366.94 million.

Let’s look briefly at State Street Corporation (STT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 76.98% to suggest the stock is trending Overbought, with historical volatility in this time period at 27.78%.

The stock’s 5-day moving average is $84.04, reflecting a +5.58% or $4.63 change from its current price. STT is currently trading +12.56% above its 20-day SMA, +26.85% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +16.50% and SMA200 by+4.70%.

Stochastic %K and %D was 94.09% and 81.01% and the average true range (ATR) pointed at 3.43. The RSI (14) points at 71.34%, while the 14-day stochastic is at 98.75% with the period’s ATR at 2.96. The stock’s 9-day MACD Oscillator is pointing at 2.61 and 3.75 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for STT stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate STT as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 6 have offered a “buy” rating.

What is STT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $84.00 and a high of $116.00, with their median price target at $90.50. Looking at these predictions, the average price target given by analysts is for State Street Corporation (STT) stock is $92.44.

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