Brokerages Set Bank of America Corp (BAC) PT at $22.43

Brokerages Set Bank of America Corp (BAC) PT at $22.43

Brokerages Set Bank of America Corp (BAC) PT at $22.43

Bank Of America Corp now has $273.42 billion valuation. Cape Cod Five Cents Retail Bank accumulated 0.11% or 29,444 shares. About 15.76M shares traded.

Bank of America Corporation (BAC) declined -1.37% and closed its last trading session at $25.85.

Van Den Berg Management I Inc increased its stake in Murphy Oil Corp (MUR) by 8.69% based on its latest 2017Q2 regulatory filing with the SEC. Zacks upgraded the shares of LQ in report on Tuesday, September 22 to "Hold" rating. Viking Fund Management Llc who had been investing in Enbridge Inc for a number of months, seems to be less bullish one the $67.71 billion market cap company. The stock declined 0.08% or $0.02 reaching $26.04 on the news. About 27.45 million shares traded.

It is down 0.00% since October 10, 2016 and is. It has underperformed by 17.10% the S&P500.

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Investors sentiment decreased to 1.12 in Q2 2017. For the most recent quarter, quick ratio was 0, current ratio was 0, LT Debt/Equity ratio was 0.83 and Total Debt/Equity ratio stands at 1.85, while Payout ratio is 0.168.

Institutional investors and hedge funds have recently bought and sold shares of the business. The ratio dropped, as 240 investment managers started new or increased positions, while 299 sold and reduced stakes in PPG Industries Inc. The company P/S (price to Sales) ratio is 5.1, P/B (price to Book) ratio is 1.07, while its P/C (price to Cash) ratio stands at 0.42. Thompson Investment reported 464,392 shares. Dimensional Fund Lp invested 0.06% of its portfolio in Murphy Oil Corporation (NYSE:MUR).

Bank of America Corporation is a bank holding company and a financial holding company.

Brokerage houses, on average, are recommending investors to hold General Electric Company (GE)'s shares projecting a $28.07 target price.

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New York: In analysts report issued to clients and investors on 9 October, Citigroup reiterated their "Neutral" rating on Bank of America (NYSE:BAC) shares. Monroe Commercial Bank Mi holds 11,994 shares or 0.1% of its portfolio. Pnc Financial Ser Grp Inc has invested 0% of its portfolio in AAC Holdings Inc (NYSE:AAC). Jacobs And Company Ca, a California-based fund reported 14,224 shares. Northwestern Mutual Wealth Management holds 0.06% or 311,113 shares. Wfg Advsrs LP accumulated 400 shares. Walter Keenan Consulting Mi Adv owns 12,000 shares for 0.15% of their portfolio. This represents an increase of 7% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks. It also reduced Costco Wholesale Corporation (NASDAQ:COST) stake by 12,154 shares and now owns 12,839 shares. Bank of America Corporation has been given an analysts' mean target of 27.22. Therefore 50% are positive. Enbridge Inc. had 21 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Murphy Oil Corporation (NYSE:MUR) earned "Hold" rating by Piper Jaffray on Thursday, August 24. The rating was upgraded by Credit Agricole to "Outperform" on Friday, January 29. The firm earned "Buy" rating on Tuesday, September 1 by KBW. The stock of AAC Holdings Inc (NYSE:AAC) has "Underperform" rating given on Wednesday, November 9 by Mizuho. On Wednesday, April 12 the stock rating was maintained by BMO Capital Markets with "Hold". Societe Generale downgraded the stock to "Hold" rating in Tuesday, September 13 report. Peel Hunt has "Buy" rating and GBX 250 target. They set an "outperform" rating and a $30.00 price target for the company.

The good news is there's still room for Bank of America Corporation (BAC) to grow. Seekingalpha.com's news article titled: "Would An Exxon Take Over Murphy Oil?" with publication date: October 08, 2017 was also an interesting one. The firm has "Hold" rating by J.P. Morgan given on Friday, June 23.

Bank of America Corporation (NYSE:BAC) last announced its quarterly earnings data on Tuesday, July 18th. On average, equities analysts expect that Bank of America Corporation will post $1.80 earnings per share for the current fiscal year. BAC's profit will be $4.96B for 13.71 P/E if the $0.47 EPS becomes a reality. Moreover, Ballentine Prns Ltd Llc has 0.11% invested in Bank of America Corp (NYSE:BAC). Therefore 66% are positive.

Bank of America Corporation (NYSE:BAC) continues to be a formidable company. Dsam Prtn (London) Limited has invested 0.63% in Bank of America Corp (NYSE:BAC). The firm earned "Market Perform" rating on Monday, April 3 by Wells Fargo. Berenberg initiated Bank of America Corp (NYSE:BAC) on Wednesday, July 13 with "Buy" rating. The stock has "Buy" rating by Sandler O'Neill on Wednesday, January 20.

Stock Intraday Alert: Wells Fargo & Company
If we look at the Volatility of Wells Fargo & Company ( WFC ), Week Volatility is 1.20%, whereas Month Volatility is at 1.35%. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in Wells Fargo & by 0.3% during the second quarter.

Bank of America Corporation (BAC)'s RSI (Relative strength index) is at 63.27, its ATR (Average True Range) value is 0.41, while its Beta factor was calculated at 1.3. RBC Capital Markets maintained it with "Buy" rating and $2600 target in Tuesday, July 18 report.

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