Bank of America Corporation : The upward trend should continue
Entry price | Target | Stop-loss | Potential |
---|
US$18.28 |
US$19.48 |
US$17.2 |
+6.56% |
---|
Market participant are once again showing interest in shares in Bank of America Corp. The technical chart pattern now appears positive for the short term with new upside potential.
Strengths● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
● With a P/E ratio at 12.67 for the current year and 11.46 for next year, earnings multiples are highly attractive compared with competitors.
● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
● For several months, analysts have been revising their EPS estimates roughly upwards.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The stock is in a well-established, long-term rising trend above the technical support level at 14.51 USD
Weaknesses● According to forecast, a sluggish sales growth is expected for the next fiscal years.
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