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.
A number of analysts gave price targets for BAC. The most optimistic price target was 32, implying potential capital gains of 32.73 percent. The minimum price target given was 20, implying potential capital losses 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.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -1.04 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.28 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.82 percent.
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, while 4 analysts made negative revisions. Also over the last month, 4 analysts increased their estimates for the FY 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, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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 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.