Bank of America Corporation (NYSE:BAC) 52-Week Price Target At $17.31


Thomson Reuters, a distinguished research firm, has put a 52-week price target of $17.31 on Bank of America Corporation (NYSE:BAC) shares after it questioned top market analysts. Calculating projected earnings after factoring different elements, it is predicted to be $1.26 for the next fiscal and $N/A for in progress quarter.

Valuation Estimates

Analysts consider the price to earnings ratio to assess the firm’s valuation. This ratio, also known as the P/E ratio appraises the firm on relative expense factor. The method to estimate ratio is stock’s price/ per share earnings. Bank of America Corporation (NYSE:BAC)P/E ratio stands at 13.17.

In essence, the price-earnings ratio specifies the dollar amount a stockholder can expect to spend in a company in order to obtain one dollar of that firm’s earnings. It is why the P/E ratio is sometimes stated as the multiple because it displays how much investors are ready to pay per dollar of profits. If a company were now trading at a multiple of 20, the reading is that an investor is ready to pay $20 for $1 of present earnings.

Analysts work out Price/Earnings Growth ratio to assess the valuation of a firm. This ratio, commonly called as the PEG ratio hint at the stock’s valuation paralleled to earnings growth prospect. Investors want to invest in the stocks boasting a lower PEG ratio. For Bank of America Corporation Com, the PEG ratio for next 3-5 years is 1.68.

Technical Analysis

The technical study highlights that Bank of America Corporation Com current is trading $0.47 points away or +3.06% from 50-day moving average of $15.24. It is trading $1.50 or +10.59% away 200-day moving average of $14.21.

The 52-week high of Bank of America Corporation (NYSE:BAC) was $18.09 while lowest point in 52-week was $10.99. It shows if stock price records a movement of over $-2.38, it will touch 52-week high. Conversely, in the case of +42.95% drop, it will hit a new 52-week low.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 8 times, 1 visits today)