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 analyst gave a price target of 32, which equates to a potential upside of 32.73 percent. The lowest price target was 20, which equates to a potential downside of -17.05 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days 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.
People are often interested in whether analysts were united in the direction of their revisions. 5 analysts have revised their quarterly estimates upwards in the past 30 days, while 4 analysts made negative revisions. Over the same time period, 4 analysts revised their FY earnings estimates upwards, while 5 analysts decreased their estimates.
The growth rate of BAC's earnings is estimated by analysts to be 7.25 percent. It's possible to gain additional insight about growth valuation of a company by looking at 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. 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. 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. The current market price is above the trailing year's low by 71.11 percent, and 6.55 percent lower than its 52-week 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's next earnings release will be on 0000-00-00, which is days away.