Stock To Watch: Bank of America Corporation (NYSE:BAC)


The leading market experts have placed a mean price target of $17.090 on Bank of America Corporation (NYSE:BAC) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.340 a share for the upcoming quarter and $1.250 for the current fiscal. Technical View The technical analysis of Bank of America Corporation Com plainly substantiates that the 50-day moving average of Bank of America Corporation Com is $13.667, and stock is hovering -0.102 or -0.749% distant from $13.667. It is noted that the 200-day MA is $13.837, and Bank of America Corporation Com stock is $-0.272 or -1.962% off from this point. Bank of America Corporation (NYSE:BAC) 52-week high is $18.480 and the 52-week low is $10.990. This explains if the stock moves $-4.915, it will post a 52-week high. In event of $+23.430% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Bank of America Corporation Com, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Bank of America Corporation (NYSE:BAC) ratio came in at 10.664. The stock last ended the trading session at $13.565 and registered a market cap of $142.66B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Bank of America Corporation (NYSE:BAC) PEG ratio is at 1.480.

1 Chart Pattern Every Investor Should Know

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