Stock Update (NYSE:STT): AXA Investment Managers Leverages State Street PriceStats Inflation Series and MKT MediaStats’ Big Data Analytics to Sharpen and Accelerate Investment Decision-Making Process

[Business Wire] – AXA Investment Managers today announced a collaboration with State Street and MKT MediaStats to evaluate data-driven indicators that help analyse economic and market information. Read more on this. State Street Corporation (STT) , valued at $23.02B, started trading this morning at $58.01. Looking at today’s trading action, the company’s one day range from $56.56 to $58.24 and has traded between $50.73 and $81.26 over the past 12 months. Priced at 12.33x this year’s forecasted earnings, STT shares are relatively expensive compared to the industry’s 11.06x forward p/e ratio. The company pays shareholders $1.36 per share annually in dividends, yielding 2.31%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $0.92 per share, which would be $0.25 worse than the year-ago quarter and a $0.12 sequential decrease. The full-year EPS estimate is $4.77 which would be a $0.12 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.57 Billion. If reported, that would be a 4.10% decrease over the year-ago quarter. Recently, Keefe Bruyette downgraded STT from Mkt Perform to Underperform (Mar 28, 2016). Previously, JP Morgan upgraded STT from Underweight to Neutral. When considering if the stock is under or overvalued, the average price target is $63.31, which is 9.14% above where the stock opened this morning. See more in (NYSE:STT) Similar Articles: Stock Update (NYSE:STT): State Street Strengthens Not-for-Profit Investment Sourcing Team Company Update (NYSE:STT): State Street Corporation Declares Quarterly Dividend on its Non-Cumulative Perpetual Preferred Stock Series “C”, Series “D”, Series “E”, and Series “F” Stock Update (NYSE:STT): State Street Corporation Declares Quarterly Dividends on Its Non-Cumulative Perpetual Preferred Stock Series “C”, Series “D”, and Series “E”