Oppenheimer & Co lowers the target on Bank of America Corp. (BAC:NYE) $44

Bank of America's Fundamental Analysis is Bearish

Bank of America Corp Stock Forecast:

According to 20 analysts, the average target price for Bank of America Corp‘s stock over the next 12 months is USD 39.12, and the average analyst rating is Buy. However, Stock Target Advisor‘s analysis is Slightly Bearish based on 5 positive signals and 8 negative signals. As of the last closing, the stock price was USD 27.64, which represents a -2.98% change over the past week, a -19.39% change over the past month, and a -37.44% change over the last year.

Analysts Coverage Change:

Oppenheimer & Co maintains the “Outperform” rating on Bank of America Corp. and lowers the price target to $44 from $53 on the company’s stock.

BAC Ratings by Stock Target Advisor

Positive Fundamentals:

Bank of America Corp. stock has shown superior risk-adjusted returns compared to its sector peers for a hold period of at least 12 months and is in the top quartile. It has also provided high annual dividend returns in the past 5 years, outperforming its sector peers and is in the top quartile. The company has superior capital utilization, delivering better return on invested capital in the most recent 4 quarters compared to its peers, and is in the top quartile. Additionally, it has low debt compared to its peers, making it more flexible, and is among the top quartile. Finally, it has a high Gross Profit to Asset Ratio compared to its peers, indicating superior returns in the long run, making it a good buy for investors seeking high income yields.

Negative Fundamentals:

The Bank of America Corp. stock has high volatility and above-median total returns, which may not be suitable for investors with low risk tolerance. Additionally, the stock has underperformed its peers on average total returns in the past 5 years and is trading at a high price compared to its peers on a price to earning and price to book value basis. The company’s management has delivered below-median return on equity in the most recent 4 quarters compared to its peers, and the stock has shown below-median earnings and revenue growth in the previous 5 years compared to its sector. The company also had negative total cash flow in the most recent four quarters.

FA Score (Fundamental Analysis):

The fundamental analysis of Bank of America Corp. is “Slightly Bearish” with a FA score of 3.8, where 0 is very bearish and 10 is very bullish.

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