Wall Street Stock Recommendations: Bank of America Corporation (BAC), Biogen Inc. (BIIB)

Bank of America Corporation (NYSE:BAC) was less active in the last trading session as around 38 million shares exchanged hands on Wall Street, representing a decrease from its normal capacity of 64.23 million shares. A -0.26% change after the initial price of $26.77, sent the closing price to $26.66.

Bank of America Corporation (BAC) Analyst Opinion

Bank of America Corporation has a consensus outperform rating from 31 Wall Street analysts, and the number of shares currently sold short amount to at least 1.23% of shares outstanding. The stock sank -3.68% last month and is up 20.63 this year. Wall Street is only getting more bullish on the stock, with 23 of analysts who cover BAC having a buy-equivalent rating. Analysts have placed a $28.29 price target on Bank of America Corporation, suggesting a 6.11% gain from recent close. It’s currently trading about -4.72% below its 52-week high.

Bank of America Corporation Earnings Surprise

Bank of America Corporation (BAC) surprised the stock market in its last reported earnings when it earned $0.48 a piece versus the consensus-estimated $0.45. Its revenue totaled $21.98 billion down -4.73% from the previous quarter.

Bank of America Corporation (NYSE:BAC) Intraday View

This stock (BAC) is ahead of its 52-week low with 32.5%. Its last month’s stock price volatility remained 1.03% which for the week stands at 1.51%. The share price has moved backward from its 20 days moving average, trading at a distance of -1.69% and stays 1.61% away from its 50 days moving average. Over the last five days, shares have faced -0.49% losses and now is up 9.13% since hitting its 200-day moving average of $24.66. Bank of America Corporation (BAC) has made its way to a 12-month gain of 31.33%.

Turning to Biogen Inc. (NASDAQ:BIIB), its shares were trading at $309.8 a gain of $0.74, on the trading floor. The stock, after opening at $308.91, touched a high of $311.105 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.1. Biogen Inc. has 9 buy ratings, 11 holds and 0 sells even after the stock tumbled -11.19% from its high of $348.84 to a $65.52 billion market value through last close.

Biogen Inc. (BIIB) Consensus Price Target

The company’s consensus rating on Reuter’s scale improved from 2 to 2.06 during a month. Analysts set a 12-month price target of $359 a share. The target implies a 15.88% spike from where the shares are currently trading. Also, the current price highlights a discount of 38.8% to analysts’ high consensus price target.

Biogen Inc. (NASDAQ:BIIB) Intraday Trading

The counter witnessed a trading volume of 0.73 million shares versus an average volume of 1.34 million shares during last trading session. Its last month’s stock price volatility remained 1.71% which for the week approaches 2.04%. The lowest price the stock reached in the last trading day was $307.15 and compares with the $244.28 52-week low. The stock recovered 26.82% since its low point and has performed 18.6% year-to-date.

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