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 maximum price target given was 32, implying a possible profit of 32.73 percent. The most pessimistic price target was 20, which equates to a potential downside of -17.05 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average 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, while 4 analysts revised their estimates downwards. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 5 analysts that revised their FY estimates downwards.
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. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. BAC has a PEG ratio of 1.98.
BAC has a 52-week high of 25.80 and a 52-week low of 14.09. Today's price is 71.11 percent above the 52-week low, and 6.55 percent below the high. 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 market cap of BAC is $239.15 billion. BAC's next earnings release will be on 0000-00-00, which is days away.