Bank Of America Corp [BAC] stock prices are up 0.41% to $44.12 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BAC shares have lost -2.60% over the last week, with a monthly amount drifted -5.81%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Bank Of America Corp [NYSE: BAC] stock has seen the most recent analyst activity on January 07, 2025, when UBS upgraded its rating to a Buy and also boosted its price target to $53 from $43. Previously, HSBC Securities upgraded its rating to Buy on January 07, 2025, and kept the price target unchanged to $50. On December 09, 2024, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $55 on the stock. Citigroup upgraded its rating to a Buy and increased its price target to $54 on November 08, 2024. Deutsche Bank upgraded its rating to a Buy but $45 remained the price target by the analyst firm on September 03, 2024. Piper Sandler upgraded its rating to Neutral for this stock on July 09, 2024, and upped its price target to $42. In a note dated July 02, 2024, Seaport Research Partners upgraded an Buy rating on this stock but restated the target price of $48.
The stock price of Bank Of America Corp [BAC] has been fluctuating between $33.71 and $48.08 over the past year. Currently, Wall Street analysts expect the stock to reach $48.33 within the next 12 months. Bank Of America Corp [NYSE: BAC] shares were valued at $44.12 at the most recent close of the market. An investor can expect a potential return of 9.54% based on the average BAC price forecast.
Analyzing the BAC fundamentals
The Bank Of America Corp [NYSE:BAC] reported sales of 198.93B for trailing twelve months, representing a surge of 7.56%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.23.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 43.78 points at the first support level, and at 43.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.62, and for the 2nd resistance point, it is at 45.12.
Ratios To Look Out For
It’s worth pointing out that Bank Of America Corp [NYSE:BAC]’s Current Ratio is 0.95. Considering the valuation of this stock, the price to sales ratio is 1.69, the price to book ratio is 1.23 and price to earnings (TTM) ratio is 13.72.
Transactions by insiders
Recent insider trading involved BANK OF AMERICA CORP /DE/, 10% Owner, that happened on Feb 24 ’25 when 1387.0 shares were purchased. 10% Owner, BANK OF AMERICA CORP /DE/ completed a deal on Feb 24 ’25 to sell 1387.0 shares. Meanwhile, 10% Owner BANK OF AMERICA CORP /DE/ bought 24110.0 shares on Feb 21 ’25.
