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 potential capital gains of 32.73 percent. The minimum price target given was 20, implying a possible loss of -17.05 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by 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. If we look at the last 90 days instead, we find a net average change of -0.82 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 5 analysts increased their quarterly estimates, which can be compared to the 4 analysts that decreased their estimates. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's earnings, while 5 analysts made negative revisions to their fiscal year's 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. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. 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. BAC has a PEG ratio of 1.98.

In the last 52-weeks, BAC has achieved a high of 25.80 and a 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 stock has a market capitalization of $239.15 billion. BAC will post this quarters earnings in days, on 0000-00-00.