Analyst Research

Analysts Take on Bank of America Corp (NYSE:BAC) Rating

Bank of America Corp (NYSE:BAC) rose 0.57% during previous trade. Societe Generale issued rating on the stock of Bank of America Corp (NYSE:BAC) in a research note issued to investors on Jan-11-17, the stock received “Upgrade” rating from Hold to Buy. Additionally Citigroup issued their verdict on the stock of the company, on record date of Jan-11-17 the stock was “Reiterated” as Buy from $19 to $26 besides that on Jan-3-17Bank of America Corp (NYSE:BAC) was “Reiterated” by Barclays as Equal Weight from $19 to $26. Furthermore on Dec-01-16the stock was “Downgraded” by Standpoint Research from Buy to Hold.

Bank of America Corp (NYSE:BAC) shares ended last trading session at the price of $23.07 whereas a number of traders indicating mean target price will hit $23.97 over the next twelve months, mean value of price target most recently revised on 1/6/17. Bank of America Corp (NYSE:BAC)’s highest estimates of price target are $31.50 and low forecast is $14.50 based on the opinion of 31 analysts. The price target estimates represents a standard deviation of 3.54. However brokerage recommendations suggests an ABR of 1.68 based on calls of 19 experts, where 11 brokers polls the stock a Strong Buy, 3 suggest the stock a Buy, 5 suggest Hold, 0 are rating the stock as Sell while 0 as Strong Sell.

Bank of America Corp (NYSE:BAC) is expected to release the earnings of its current quarter on 1/13/17 Before Market Open. The company is expected to release $0.38 EPS for current quarter according to 30 analysts whereas the company reported $0.27 EPS during same quarter a year ago. For the current quarter the stock has lowest EPS estimates of $0.35 and high estimate of $0.41. For the current year Bank of America Corp (NYSE:BAC) has set to release EPS of $1.46 as per the sentiments of 26 analysts, however according to 31 analysts, the company expected to release $1.67EPS for next year.

Bank of America Corp (NYSE:BAC)’s average revenue estimates for the current quarter are $20.87B according to 17 number of analysts. However its lowest revenue estimates are $20.42B and highest revenue estimates are $21.87B. A year ago the company’s sales were $19.56B. Its yearly sales growth estimates are 6.70%. For the next quarter the company has anticipated average revenues of $21.56B, according to the sentiments of 13 analysts. For the current year the company has fixed $85B revenues, as per the opinion of 18 analysts. For the current year the company has low revenue estimates of $83.26B in contradiction of high revenue estimates of $86.36B. Whereas for the next year revenues are set at $87.86B by 18 analysts.

The stock exchanged hands 3.00M shares versus average trading capacity of 112.11M shares, while its shares’ total market worth is $237.16B along with 10.11B outstanding shares. Bank of America Corp (NYSE:BAC) shares were trading -1.37% below from the 52-week high price mark of $23.39 and +113.20% above from the 52-week price bottom of $10.82.  However the company observed 52 week high price on 12/15/16 and witnessed 52 week low price on 02/11/16. The company’s price sits 11.05% above from its 50-day moving average of $22.23 and 43.15% far from the stock’s 200-day moving average which is $17.23. Bank of America Corp (NYSE:BAC)’s price to sales ratio for trailing twelve month stands at 4.59, whereas its price to book ratio for most recent quarter sits at 0.97. However the company’s price to cash per share for most recent quarter stands at 0.38.

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