Bank of America Corp. (NYSE: BAC)‘s stock had its “positive” rating reiterated by Evercore Partners in a research note issued on Wednesday, AnalystRatingsNetwork reports.
Bank of America Corp. (NYSE: BAC) opened at 13.92 on Wednesday. Bank of America Corp. has a 52-week low of $6.90 and a 52-week high of $14.02. The stock’s 50-day moving average is currently $13.21. The company has a market cap of $150.1 billion and a price-to-earnings ratio of 43.50.
Bank of America Corp. (NYSE: BAC) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.07. The company had revenue of $22.95 billion for the quarter, compared to the consensus estimate of $22.61 billion. During the same quarter in the prior year, the company posted $0.19 earnings per share. Analysts expect that Bank of America Corp. will post $0.94 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital reiterated an “equal weight” rating on shares of Bank of America Corp. in a research note to investors on Tuesday, July 9th. They now have a $14.00 price target on the stock. Separately, analysts at Morgan Stanley upgraded shares of Bank of America Corp. from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, July 8th. They now have a $16.00 price target on the stock, up previously from $13.00. Finally, analysts at Guggenheim reiterated a “buy” rating on shares of Bank of America Corp. in a research note to investors on Wednesday, June 12th. They now have a $15.50 price target on the stock.
Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. Bank of America Corp. presently has a consensus rating of “Hold” and a consensus price target of $13.13.
Bank of America Corporation (NYSE: BAC) is a bank holding company, and a financial holding company.