For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
After finishing at $45.79 in the prior trading day, Bank Of America Corp (NYSE: BAC) closed at $46.39, up 1.31%. In other words, the price has increased by $1.31 from its previous closing price. On the day, 35.28 million shares were traded. BAC stock price reached its highest trading level at $46.89 during the session, while it also had its lowest trading level at $46.05.
Ratios:
Our goal is to gain a better understanding of BAC by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 2.23 whereas as Long-Term Debt/Eq ratio is at 0.96.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on January 07, 2025, Upgraded its rating to Buy and sets its target price to $53 from $43 previously.
On January 07, 2025, HSBC Securities Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $50.
Morgan Stanley Downgraded its Overweight to Equal-Weight on December 09, 2024, whereas the target price for the stock was revised from $48 to $55.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 17 ’25 when BANK OF AMERICA CORP /DE/ bought 1,611 shares for $11.37 per share. The transaction valued at 18,317 led to the insider holds 1,611 shares of the business.
BANK OF AMERICA CORP /DE/ sold 1,611 shares of BAC for $18,108 on Jan 17 ’25. The 10% Owner now owns 0 shares after completing the transaction at $11.24 per share. On Jan 15 ’25, another insider, BANK OF AMERICA CORP /DE/, who serves as the 10% Owner of the company, bought 6 shares for $10.79 each. As a result, the insider paid 65 and bolstered with 6 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BAC now has a Market Capitalization of 353067794432 and an Enterprise Value of 357865619456. As of this moment, Bank’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.41, and their Forward P/E ratio for the next fiscal year is 10.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.78 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at 3.782.
Stock Price History:
The Beta on a monthly basis for BAC is 1.34, which has changed by 0.36972773 over the last 52 weeks, in comparison to a change of 0.24440956 over the same period for the S&P500. Over the past 52 weeks, BAC has reached a high of $48.08, while it has fallen to a 52-week low of $32.35. The 50-Day Moving Average of the stock is 1.26%, while the 200-Day Moving Average is calculated to be 12.45%.
Shares Statistics:
The stock has traded on average 35.23M shares per day over the past 3-months and 44319660 shares per day over the last 10 days, according to various share statistics. A total of 7.61B shares are outstanding, with a floating share count of 7.60B. Insiders hold about 0.17% of the company’s shares, while institutions hold 73.65% stake in the company. Shares short for BAC as of 1735603200 were 73992719 with a Short Ratio of 2.10, compared to 1732838400 on 74685555. Therefore, it implies a Short% of Shares Outstanding of 73992719 and a Short% of Float of 1.1199999999999999.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.45. The current Payout Ratio is 31.15% for BAC, which recently paid a dividend on 2024-12-06 with an ex-dividend date of 1733443200. Stock splits for the company last occurred on 2004-08-30 when the company split stock in a 2:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 15.0 analysts. The consensus estimate for the next quarter is $0.93, with high estimates of $1.04 and low estimates of $0.88.
Analysts are recommending an EPS of between $3.99 and $3.19 for the fiscal current year, implying an average EPS of $3.67. EPS for the following year is $4.32, with 19.0 analysts recommending between $4.75 and $3.62.
Revenue Estimates
11 analysts predict $26.84B in revenue for the current quarter. It ranges from a high estimate of $27.49B to a low estimate of $26.46B. As of the current estimate, Bank Of America Corp’s year-ago sales were $25.82BFor the next quarter, 11 analysts are estimating revenue of $26.91B. There is a high estimate of $27.44B for the next quarter, whereas the lowest estimate is $26.46B.
A total of 16 analysts have provided revenue estimates for BAC’s current fiscal year. The highest revenue estimate was $110.84B, while the lowest revenue estimate was $102.44B, resulting in an average revenue estimate of $108.07B. In the same quarter a year ago, actual revenue was $101.89BBased on 16 analysts’ estimates, the company’s revenue will be $114.61B in the next fiscal year. The high estimate is $119.62B and the low estimate is $107.12B.
