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Bank of America (BAC) Gets a Buy Rating from Vining Sparks


In a report released today, Marty Mosby from Vining Sparks maintained a Buy rating on Bank of America (NYSE: BAC), with a price target of $32. The company’s shares opened today at $30.03.

According to TipRanks.com, Mosby is a top 100 analyst with an average return of 15.8% and a 73.7% success rate. Mosby covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Goldman Sachs Group Inc, and Fifth Third Bancorp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bank of America with a $35 average price target, a 16.6% upside from current levels. In a report issued on September 25, Wolfe Research also initiated coverage with a Buy rating on the stock with a $40 price target.

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Bank of America’s market cap is currently $303.1B and has a P/E ratio of 15.60. The company has a Price to Book ratio of 1.26.

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