Analyst Research

Stock on Analyst Radar: Bank of America Corp (NYSE:BAC)

Bank of America Corp (NYSE:BAC) received “Downgrade” rating by Citigroup in a research note issued to investors on Apr-04-17 from Buy to Neutral.

Additionally on Feb-16-17 the stock was “Upgraded” by Macquarie from Neutral to Outperform and on Jan-11-17 the stock was “Upgraded” by Societe Generale from Hold to Buy. Furthermore on Jan-11-17 the stock was “Reiterated” by Citigroup as Buy from $19 to $26.

On the other hand the company has Relative Strength Index (RSI 14) of 37.68 along with Average True Range (ATR 14) of 0.55, Consequently Bank of America Corp (NYSE:BAC)’s weekly and monthly volatility is 2.37%, 2.59% respectively. The company’s beta value is at 1.36.

In terms of Buy, Sell or Hold recommendations, Bank of America Corp (NYSE:BAC) has an analyst’s mean recommendation of 2.10. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Bank of America Corp (NYSE:BAC) shares traded -0.44% during the most recent session. Wall Street analysts covering the stock are projecting that the stock will reach $25.45 within the next 52-weeks. The mean target projections are based on 28 opinions, the mean target was last revised on 04/10/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have high price target of $31.50 and with a conservative view have low price target of $15.00 with a standard deviation of $3.50. If seeing target price from optimistic overview then it has a 38 percent upside potential from the latest closing price of $22.71.

While considering growth estimates of the company, it has next quarter growth estimates of 12.20% whereas during current quarter it has 25.00% estimations over growth, comparing to the estimations of 16.70% during current year and 21.10% for next year. Past 5 years growth of Bank of America Corp (NYSE:BAC) observed at 24.44%, looking forward for the next 5 years it has a strong prediction of 10.84% over growth.

Bank of America Corp (NYSE:BAC)’s revenue estimates for the current quarter are $21.67B according to 15 number of analysts, for the current quarter the company has high revenue estimates of $22.18B in contradiction of low revenue estimates of $20.93B. For the current year the company’s revenue estimates are $88.52B compared to low analyst estimates of $87.1B and high estimates of $90.33B according 18 number of analysts.

Bank of America Corp (NYSE:BAC)’s trailing twelve month revenues are $51.06B, whereas its price to sales ratio for the same period is 4.45. Its book value per share for the most recent quarter is $23.69 while its price to book ratio for the same period is 0.96, as for as the company’s cash per share for the most recent quarter is $57.79, however its price to cash per share ratio for the same period is 0.39. The stock has a current PEG of 1.40 where as its P/E ratio is 15.20.

Next Article

Leave a Reply

%d bloggers like this: