Analyst Revises Bank of America Corporation (NYSE:BAC) Stock Target


Bank of America Corporation (NYSE:BAC) mean price target has been set at $17.07 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.36 in the near-term quarter and $1.25 for the ongoing fiscal. The market cap of Bank of America Corporation Com was recorded at $151.23B after the stock closed at $14.38 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Bank of America Corporation (NYSE:BAC) has a P/E ratio of 12.07. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Bank of America Corporation (NYSE:BAC) PEG ratio sits at 1.56. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Bank of America Corporation Com visibly illustrates that the 50-day MA of Bank of America Corporation Com is $13.59, and stock is trading 0.79 or +5.82% distant from $13.59. The 200-day MA is $13.74, and this price is $0.64 or +4.66% off from current level. Bank of America Corporation (NYSE:BAC) 52-week high is $18.29 and the 52-week low is $10.99. This represents that if the stock moves $-3.91 points up on the chart to make a 52-week high. But, if it declines $+30.85%, then the shares price can hit a new 52-week low.

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  • Jarvis210

    Bank of America should’ve been put out of business a long time ago. The courts across the country are allowing forged and fabricated evidence to be used to steal homes in fraudulent foreclosures. Legal instruments authenticate ownership and outlined rights of both buyer and seller, but when banks resort to fabrication and forgery to create the illusion of ownership the entire system breaks down.When a loan servicer is able to steal a home by presenting forged documents and no proof that they paid for a loan; life, liberty and the pursuit of happiness are violated.We recognize the long history and complex nature of the act of corruption, bribery, and fraud in government and among corporations. Corruption destroys the economy, faith in government and an individual’s freedom and right to due process.
    Fannie Mae, in cahoots w/bank of america, (or as they prefer in their falsified assignments: fka Countrywide), KNOWINGLY LIED to the District Attorneys about modifications in regards to their ponzi scheme loans , and instead underhandedly, bundled up the loans AGAIN, but not before forging owner’s signatures on DOT’s and adding falsified stamped “ta-da” endorsements, fabricated assignments and then handed them over to others, such as Ditech (FKA GreenTree), who then handed the fabricated documents over to their handy dandy substitute less than “trusty” trustee attorneys (One example: Samuel I White ..attorneys formerly w/ Shapiro & Burson who Freddie supposedly Stopped using due to their widespread fraudulent practices…. who skipped and STILL are skipping to the courthouses across the country and turning in their fabricated evidence to foreclose on thousands of homeowners, who were NOTHING , but bamboozled from the start. But it’s ok because evil bank of america dished out anywhere from $300-$2000 per homeowner a few years ago as their hush hush punishment. Then the games began…lies about modifications, lies about trial payments, lies about lost modification applications….all to stall and then bundle them up again with the newfound forgeries and falsifications. But it’s ok because after Fannie Mae(hiding behind their handy dandy substitute trustees) kicks the defrauded homeowners to the curb, they’ll make up for it by selling the home to minorities or small time investors. Sorta like if a child molester rapes a child and then on the way home stops by the candy store to buy a gumball for a kid on the street. How pathetically evil! Anyone who believes the wall street bailout ended in 2008 is sadly and sorely mistaken.