M&T Bank Corporation (MTB)
NYSE: MTB · IEX Real-Time Price · USD
147.96
+1.10 (0.75%)
At close: Apr 24, 2024, 4:00 PM
140.28
-7.68 (-5.19%)
After-hours: Apr 24, 2024, 7:05 PM EDT
Stock Price Forecast
The 16 analysts with 12-month price forecasts for M&T Bank stock have an average target of 158.23, with a low estimate of 133.65 and a high estimate of 180. The average target predicts an increase of 6.94% from the current stock price of 147.96.
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $133.65 | $158.23 | $159 | $180 |
| Change | -9.67% | +6.94% | +7.46% | +21.65% |
Analyst Ratings
The average analyst rating for M&T Bank stock from 17 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 5 | 3 | 4 | 4 | 4 | 4 |
| Hold | 9 | 9 | 9 | 9 | 9 | 10 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 17 | 15 | 16 | 16 | 16 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Hold Maintains $159 | Hold | Maintains | $159 | +7.46% | Apr 16, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $162 → $170 | Hold | Maintains | $162 → $170 | +14.90% | Apr 16, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $170 → $180 | Hold | Maintains | $170 → $180 | +21.65% | Apr 16, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $160 | Buy | Reiterates | $160 | +8.14% | Apr 16, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $145 → $150 | Hold | Maintains | $145 → $150 | +1.38% | Apr 16, 2024 |
Financial Forecast
Revenue This Year
Increased by 2.47%
from 9.00B
Revenue Next Year
9.54B
from 9.22B
Increased by 3.44%
from 9.22B
EPS This Year
14.12
from 15.79
Decreased by -10.56%
from 15.79
EPS Next Year
16.17
from 14.12
Increased by 14.52%
from 14.12
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.02B | 5.15B | 6.07B | 7.66B | 9.00B | 9.22B | 9.54B | 9.85B | 9.90B |
| Revenue Growth | 3.79% | -14.31% | 17.70% | 26.29% | 17.44% | 2.47% | 3.44% | 3.23% | 0.57% |
| EPS | 13.75 | 9.94 | 13.80 | 11.53 | 15.79 | 14.12 | 16.17 | 18.41 | - |
| EPS Growth | 7.93% | -27.71% | 38.83% | -16.45% | 36.95% | -10.56% | 14.52% | 13.84% | - |
| No. Analysts | - | - | - | - | - | 24 | 22 | 9 | 2 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 9.8B | 10.1B | 10.6B | 10.3B |
| Avg | 9.2B | 9.5B | 9.8B | 9.9B |
| Low | 8.9B | 9.0B | 9.2B | 9.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 8.4% | 10.0% | 11.2% | 4.6% |
| Avg | 2.5% | 3.4% | 3.2% | 0.6% |
| Low | -1.2% | -2.4% | -3.0% | -2.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.28 | 17.84 | 21.99 |
| Avg | 14.12 | 16.17 | 18.41 |
| Low | 12.85 | 14.71 | 14.00 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -3.2% | 26.3% | 35.9% |
| Avg | -10.6% | 14.5% | 13.8% |
| Low | -18.6% | 4.2% | -13.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.
