The leading market experts have placed a mean price target of $17.34 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 $0.36 a share for the upcoming quarter and $1.26 for the current fiscal.
The technical analysis of Bank of America Corporation Com plainly substantiates that the 50-day moving average of Bank of America Corporation Com is $14.59, and stock is trading $1.20 points away or +8.24% from its 50-day moving average of $14.59. Further it is trading $1.91 or +13.72% away its 200-day moving average of $13.88. Bank of America Corporation (NYSE:BAC) 52-week high is $18.09 and the 52-week low is $10.99.
This explains if the stock moves $-2.30, it will post a 52-week high. In event of +43.68% 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 13.24.
The stock last ended the trading session at $15.79 and registered a market cap of $166.05B. 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 1.67.
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