Bank of America (NYSE:BAC)- Stocks Aim To Attain Analyst Attentions: Manulife Financial (NYSE:MFC)

Bank of America Corporation (NYSE:BAC) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.49% to close at $22.64 with the total traded volume of 101.18 Million shares. Finally, analysts shed their light over the BAC price targets; maintaining price high target of 31.50 while at average the price target was 24.57 in contrast with the current price of 22.64. The price targets are usually acts as the boosters or blasters in the performance of stock. A higher price target would definitely provide confidence to investors during the trading action, consideration given by Wall Street Journal.

So does the rankings given by analysts; let us highlight rankings table and we had 19 analysts recommending BUY ratings for current month and for previous month 19 stands on similar situation; while 10 for the current month as compared to 10 analysts recommending for HOLD from the pool for previous month. While 5 stands at overweight. For the overall, consensus ratings were for Overweight.

The firm has institutional ownership of 64.80%, while insider ownership included 41.80%. Its price to sales ratio ended at 4.51. BAC attains analyst recommendation of 2 with week’s performance of -1.22%.

Manulife Financial Corporation (NYSE:MFC) [Trend Analysis] climbed reacts as active mover, shares a gain 1.36% to traded at $18.66 and the percentage gap between open changing to regular change was 0.16%. Finally, analysts shed their light over the MFC price targets; maintaining price high target of 23.62 while at average the price target was 19.44 in contrast with the current price of 18.66. The price targets are usually acts as the boosters or blasters in the performance of stock. A higher price target would definitely provide confidence to investors during the trading action, consideration given by Wall Street Journal.

So does the rankings given by analysts; let us highlight rankings table and we had 10 analysts recommending BUY ratings for current month and for previous month 10 stands on similar situation; while 6 for the current month as compared to 6 analysts recommending for HOLD from the pool for previous month. While 3 stands at overweight. For the overall, consensus ratings were for Overweight.

The firm past twelve months price to sales ratio was 0.72 and price to cash ratio remained 2.66. As far as the returns are concern, the return on equity was recorded as 7.70% and return on investment was 7% while its return on asset stayed at 0.40%. The firm has total debt to equity ratio measured as 0.34.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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