Bank of America Corp (NYSE:BAC) soared 0.66% during previous trade, a total of 108.44M shares exchanged hands compared with its average trading volume of 85.89M shares whereas its relative volume is 1.19. The stock has a market capitalization of $212.91B along with 9.95B outstanding shares. Stock’s intraday price range hit the peak level of $23 and touched the lowest level of $22.50.
Most recently Bank of America Corp (NYSE:BAC)’s price target was revised on 05/09/17 and according to 29 analysts stock’s price will reach at $26.07 during 52 weeks with standard deviation of 2.51. Stock’s minimum price target estimates has been figured out at $20 while the maximum price target forecast is established at $32, if we look at the price target with an optimistic approach it has upside potential of 42% from its latest closing price of $22.74.
Historically, if we look at price target revisions, two weeks ago Bank of America Corp (NYSE:BAC)’s price target was revised on 5/01/17 by the analysts, however the bullish price estimates of the stock set at $28 while the bearish estimates kept at $20 over the next one year. Stock’s 52-week target was retained at $25.44, the estimates indicates a standard deviation of 2.56.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.90. ABR value is precisely based on brokerage recommendations, where out of 20 brokerage recommendations 10 rate Bank of America Corp (NYSE:BAC) stock a Strong Buy, 2 rate the stocks of the company a Buy, 8 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 4/24/17 the stock of Bank of America Corp (NYSE:BAC) downgraded by Berenberg from Buy to Hold. However previously on 4/4/17 it was downgraded by Citigroup from Buy to Neutral. A research note issued on 2/16/17 the stock was upgraded by Macquarie from Neutral to Outperform.
Bank of America Corp (NYSE:BAC) performance over the past one year soared 57.10% whereas its year to date (YTD) performance indicated a bullish trend of 3.21%. During the last six months the stock climbed 13.56%. Quarterly performance of the company shows declining momentum of -7.20%. Stock’s weekly performance expressed down trend of -5.53%.
The company’s price sits -4.06% below from its 50-day moving average of $23.43 and 11.44% far from the stock’s 200-day moving average which is $22.69. Bank of America Corp (NYSE:BAC)’s shares are currently trading -11.86% away from the 52-week high price of $25.80 and +90.88% far from the 52-week low price of $11.91.
According to consensus agreement of 26 analysts Bank of America Corp (NYSE:BAC) will report earnings per share of $0.47 in their quarterly report and it is expected to announce the company’s results on 7/17/17. For the current quarter the company has high EPS estimates of $0.52 in contradiction of low EPS estimates of $0.43. However a year ago for the same quarter the company has reported $0.41 EPS. Current year EPS projections for Bank of America Corp (NYSE:BAC) set at $1.83 according to the sentiments of 30 analysts, while its lowest earnings estimates are $1.7 and highest earnings estimates are $1.95.
According to 16 analysts, Bank of America Corp (NYSE:BAC)’s revenue estimates for the current quarter are $22.28B meanwhile the company has high revenue estimates of $22.8B in contradiction of low revenue estimates of $21.88B. For the current year the company’s revenue estimates are $89.47B compared to low analyst estimates of $87.76B and high estimates of $92.84B according to the projection of 19 analysts.