Analyst Ratings for Bank of America Corp. (BAC)Updated: 2017-07-28
Analysts covering Bank of America Corp. (NYSE:BAC) have given it a consensus rating of Overweight. Last month, BAC received an average rating of Overweight.
Of the 31 analysts covering the stock, 17 gave it a buy rating, 5 gave an overweight rating, 8 issued a hold rating, 0 issued an underweight rating, and 1 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Several price targets were given for BAC by the analysts covering the stock. The highest price target was 32, implying a possible profit of 32.73 percent. The lowest price target was 20, which equates to a potential downside of -17.05 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -1.04 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0.28 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.82 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 5 analysts increased their quarterly estimates, which can be compared to the 4 analysts that decreased their estimates. Also over the last month, 4 analysts increased their estimates for the FY earnings, while 5 analysts decreased their estimates.
BAC has an estimated earnings growth rate of 7.25 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of BAC is 1.98.
In the trailing 52-weeks, BAC hit 25.80 at the highest peak, while it's lowest trading point was 14.09. Currently the stock is 71.11 percent higher than its low, and below the high by 6.55 percent. BAC has a P/E ratio of 14.35. Investors typically compare the P/E ratio to a company's peers in the industry. The BAC value stock report compares BAC to some of its peers using value stock charts. The stock has a market capitalization of $239.15 billion. BAC is estimated to release their earnings results for the quarter on 0000-00-00, days from today.