RBC Capital analyst Gerard Cassidy maintained a Buy rating on Bank of America (BAC – Research Report) on December 22 and set a price target of $40.00. The company’s shares closed yesterday at $32.47.
According to TipRanks, Cassidy is a top 100 analyst with an average return of 17.8% and a 59.36% success rate. Cassidy covers the Financial sector, focusing on stocks such as Fifth Third Bancorp, KeyCorp, and Bank of America.
Currently, the analyst consensus on Bank of America is a Moderate Buy with an average price target of $39.82.
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BAC market cap is currently $259.8B and has a P/E ratio of 10.27.
Based on the recent corporate insider activity of 162 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BAC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Bank of America Corp. provides banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.
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