Morning Buzz: Bank of America Corporation (NYSE:BAC)

Bank of America Corporation (NYSE:BAC) jumped 1.39 percent and ended the day at $23.4. The Average Volume of the company is 113.63 Million and P/E (price to earnings) ratio is 15.65, while Forward P/E ratio is 11.21.

Societe Generale Upgrade its coverage for Bank of America Corporation (NYSE:BAC) in a note sent to investors on 11-Jan-17. The research firm Upgrade the stock to Buy. Moreover, Standpoint Research issued Downgrade rating for the stock on 1-Dec-16. Keefe Bruyette also Upgrade the company to Outperform on 29-Nov-16, 2016. Additionally, Robert W. Baird Downgrade its ratings on the stock to Neutral.

The highest price BAC stock touched in the last 12 month was $23.55 and the lowest price it hit in the same period was $11.65. The stock has a Return on Assets of 0.7 percent, Return on Investment of 6.6 percent and a Return on Equity of 6.7 percent. The company’s market cap is $235.23 Billion.

Bank of America Corporation (NYSE:BAC)’s growth estimate is 25 percent for the current quarter. The growth estimate for the next quarter is 12.2 percent. The company’s stock has climbed 24.44 percent in the past five year. The company is expected to grow by 10.82 percent over the next five years.

Price Target is an important factor while doing analysis of a stock. According to 30 analysts, Price Target for Bank of America Corporation (NYSE:BAC) may hit a high of $31.5. The average and low price target for the stock are $24.86 and $15, respectively.

Now we look at the Moving Averages, the 200-day is 36.67, the 50-day is 3.32 and the 20-day is 2.2. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also help in determining where it may be possibly heading.

Looking forward, the company is expected to report earnings of $0.35 per share for the current quarter. Revenue is expected in between 22.18 Billion and 20.92 Billion with an average of 21.61 Billion.

When we look at the recommendation trends, the stock presently has an average brokerage recommendation of 6.6. Out of 33 brokerage recommendations, 8 gave a Strong Buy, 16 issued a Buy, 9 issued Hold, 0 rated Under-perform and 0 issued a Sell.

Bank of America Corporation (NYSE:BAC) performance during the last one year Improved 98.88 percent, while its year to date (YTD) performance showed a Positive trend of 5.88 percent. The stock Jumped 58.26 percent over the past six months. The stock’s quarterly performance indicates a Positive momentum of 25.2 percent, whereas its last one month trend is Optimistic with 2.09 percent. Its weekly performance showed upward trend of 1.21 percent.

Profitability analysis helps a great deal in making investment decision. Net profit margin of the company was recorded at 31.8 percent, operating profit margin was 73.4 percent, whereas gross profit margin stands at 0 percent. Beta factor was calculated at 1.43.

Bank of America Corporation (NYSE:BAC) has 10.07 Billion shares outstanding and 10.03 Billion shares were floated in market. The short ratio in the company’s stock is documented at 0.93 and the short float is around of 1.05%. The stock’s average true range of stands at 0.46, while the relative strength index is 57.

Liquidity ratios helps investors to determine a company’s ability to pay off its debts. For the most recent quarter, quick ratio was 0, current ratio was 0, LT Debt/Equity ratio was 0.9 and Total Debt/Equity ratio was 0.