Over the past 52 weeks Bank of America Corporation (NYSE:BAC) has embarked on a drop that has seen it decline -8.96% and is now up by 19.56% since start of this year. The equity price rose 3.19% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that the stock has recorded a 2.68% gain over the past 30 days. Its equity price climbed by 19.85% over the past three months which led to its overall six-month decrease to stand at -4.51%.
Experts from research firms are bullish about the near-term performance of Bank of America Corporation with most of them predicting a $33.29 price target on a short-term (12 months) basis. The average price target by the analysts will see a 13% rise in the stock and would lead to BAC’s market cap to surge to $327.91B. The stock has been rated an average 2, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 31 analysts that track Bank of America Corporation (NYSE:BAC) and find out that 9 of them rated it as a Hold. 22 of the 22 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at BAC technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 62.57 point. Its trading volume has lost -24000000 shares compared to readings over the past three months as it recently exchanged 43871444 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 68240000 shares, and this is 0.64 times the normal volume.
Analysts have predicted a price target for Marathon Petroleum Corporation (MPC) for 1 year and it stands at an average $92.28/share. This means that it would likely increase by 54.6% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $71. On the other hand, one analyst is super bullish about the price, setting a target as high as $124.
The MPC stock Stochastic Oscillator (%D) is at 32%, which means that it is currently neutral. The shares P/S ratio stands at 0.42 which compares to the 0.91 recorded by the industry or the 10.25 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 6.53, which is lower than the 11.24 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 9.7% over the past five years.
Analysts view Marathon Petroleum Corporation (NYSE:MPC) as a Buy, with 1.6 consensus rating. Reuters surveyed 18 analysts that follow MPC and found that 0 of those analysts rated the stock as a Hold. The remaining 18 were divided, with 18 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Marathon Petroleum Corporation (MPC) shares or sell it if they already own it.