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Is this Large Market Cap Stock target price reasonable for Bank of America Corporation (NYSE:BAC)?

The company in question is, Bank of America Corporation (NYSE:BAC) currently with a stock price of 14.35 (0.56% today). The market cap for Bank of America Corporation is 146472.99, and is in the sector Financial, and Money Center Banks industry. The target price for Bank of America Corporation is 17.27. Currently Bank of America Corporation is trading with a P/E of 11.7, and a forward P/E of 9.35. Average volume for Bank of America Corporation is 93642.9 and so far today it is 23184887.

Performance in the last year for Bank of America Corporation has been -21.63%. For EPS growth, Bank of America Corporation has seen a growth of 258.80%, and is looking to grow in the next year to 21.77%. More long term stats show that EPS growth has been 40.60% over the last five years and could be 7.37% for the next five years. Bank of America Corporation has seen sales growth quarter over quarter at -1.90%, with EPS growth quarter over quarter at -17.20%. The 20-day simple moving average is 3.58%, with the 200-day simple moving average coming to -2.09%.

Since the IPO date for Bank of America Corporation on the 5/29/1986, Bank of America Corporation has seen performance year to date to be -14.60%. With Bank of America Corporation trading at 14.35, the dividend yield is 1.40%, and the EPS is 1.22.

So could Bank of America Corporation, be undervalued? Well as said before P/E is 11.7. The PEG is 1.59, P/S is 2.96 and the P/B is at 0.62. The P/cash is 0.23, with P/free cash flow at *TBA.

Bank of America Corporation ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at 0.85, and total debt/equity at 1.9.

In terms of margins, Bank of America Corporation has a gross margin of *TBA, an operating margin of 71.80% and a profit margin of 27.60%.Payout ratio for Bank of America Corporation is 15.30%. Return on assets come to 0.60% with return on investment coming to 4.40%.

Insider ownership for Bank of America Corporation, is at 0.06% and institutional ownership comes to 63.40%. Outstanding shares are at 10264.4. While shares float is 10262.9. The float short is currently 0.77%, and short ratio is 0.84.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Mark Hines

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