Stock In Limelight: Bank of America Corporation (NYSE:BAC)


Bank of America Corporation (NYSE:BAC) has obtained a mean price target of $17.280 by market experts. The research group First Call has reached this mean recommendation by taking into account the recommendations of leading analysts in the market. These market experts have disclosed projected earnings of $0.360 a share for the near-term quarter and $1.260 for this year.

Technical View

The technical analysis of Bank of America Corporation Com clearly shows that the moving average of 50-days of Bank of America Corporation (NYSE:BAC) stock is $14.163, and is trading $0.952 points away or +6.725% from its 50-day moving average of $14.163. Further it is trading $1.339 or +9.717% away its 200-day moving average of $13.776.

The 52-week high of Bank of America Corporation (NYSE:BAC) was $18.090 while $10.990 is the low in the same period. This state Bank of America Corporation Com shares price has to travel more than $-2.975 to register a new high of 52-weeks or drop +37.534% to touch a new 52-week low point. MA here stands for moving average.

Taking the valuation aspect to reach the estimation of Bank of America Corporation Com, investors use price-to-earnings ratio, which is truncated as P/E ratio. It assesses shares price by the relative expense of the stock. Bank of America Corporation (NYSE:BAC) ratio came in at 12.670, which was derived by dividing current price of stock by yearly earnings. Bank of America Corporation Com stock recorded a close of $15.115 in last trading session, reaching a market cap of $158.96B.

Investors calculate the Price-to-Earnings-Growth ratio to get a clear view on the valuation of a firm. In the case of a higher PEG ratio, the shareholders look to sell their stock holdings. The undervalued stock has a PEG ratio of 0 or 1 while the fairly valued stock has the ratio of 1 and 2. The Bank of America Corporation (NYSE:BAC) PEG ratio is at 1.630.

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...

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