Bank of America (BAC) Downgraded to "Hold" at ValuEngine

A President Donald Trump supporter left confronts a fellow Trump supporter right who was speaking on a bullhorn to stop being disrespectful and spewing hate Monday Jan. 15 2018 as local Haitians march in protest of Trump in West Palm Beach Fla. T

The rating was maintained by Jefferies on Thursday, August 10 with "Buy". JMP Securities reinitiated Pernix Therapeutics Holdings, Inc. The stock has "Outperform" rating by Robert W. Baird on Wednesday, November 8. The firm earned "Perform" rating on Thursday, March 17 by Oppenheimer. RBC Capital Markets maintained it with "Buy" rating and $26.0 target in Friday, October 6 report. As per Thursday, June 1, the company rating was maintained by Credit Suisse. See Pernix Therapeutics Holdings, Inc.

ValuEngine lowered shares of Bank of America (NYSE:BAC) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

In terms of earnings per share, 21 analysts have a 0.56 EPS mean target for the quarter ending Mar-18, for the quarter ending Jun-18, 21 analysts have a 0.60 EPS mean target and for the quarter ending Jun-18 there are 29 estimates of 2.36 EPS. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued. Bank of America's dividend payout ratio is now 27.91%. The stock decreased 0.83% or $0.26 during the last trading session, reaching $30.98. About 122.81M shares traded or 81.34% up from the average. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 17, 2017 and is uptrending. It has outperformed by 41.94% the S&P500. Copeland Capital Management Llc bought 15,147 shares as the company's stock rose 4.89% with the market. About 743,682 shares traded. Pernix Therapeutics Holdings, Inc. It has underperformed by 7.70% the S&P500.

Sensient Technologies Corporation manufactures and markets colors, flavors, and fragrances in the United States and internationally. The companyÂ's products comprise Treximet, a fixed dose combination product indicated for the treatment of acute migraine; Zohydro ER with BeadTek, an opioid agonist indicated for the management of pain; and Silenor, a non-narcotic, non-scheduled, and non-addictive prescription sleep aid for the treatment of insomnia characterized by difficulty with sleep maintenance. Therefore 43% are positive. Excluding an accounting adjustment, Bank of America's trading revenue fell about 9% to $2.66 billion from $2.91 billion in last year's fourth quarter. The stock of Bank of America Corporation (NYSE:BAC) has "Buy" rating given on Tuesday, July 18 by Oppenheimer. On Tuesday, October 3 the stock rating was maintained by Keefe Bruyette & Woods with "Buy". The firm has "Buy" rating given on Tuesday, September 1 by KBW. (NASDAQ:AMBC) on Tuesday, December 13 with "Neutral" rating. Kepos Capital Limited Partnership reported 0.55% in Bank of America Corporation (NYSE:BAC).

COPYRIGHT VIOLATION WARNING: "Bank of America (BAC) Downgraded to "Hold" at ValuEngine" was first published by TrueBlueTribune and is the property of of TrueBlueTribune. Parametric Portfolio Associates LLC now owns 24,012,218 shares of the financial services provider's stock valued at $582,536,000 after buying an additional 8,261,288 shares during the period.

Investors sentiment decreased to 1.04 in 2017 Q3. Stockholders of record on Friday, December 1st were paid a $0.12 dividend. Bank of America makes up about 2.4% of Meridian Wealth Management LLC's holdings, making the stock its 11th biggest holding. 117 funds opened positions while 547 raised stakes. Massachusetts Financial Com Ma stated it has 28.24 million shares or 0.31% of all its holdings. Gendell Jeffrey L has 2.58 million shares. Pring Turner Capital Gp, a California-based fund reported 16,028 shares. Sumitomo Mitsui Asset Management Ltd reported 761,277 shares stake. British Columbia Inv Mgmt owns 4.80 million shares. Apriem stated it has 176,364 shares. Lbmc Investment Advisors LLC boosted its position in shares of Bank of America by 0.3% during the 2nd quarter. Quinn Opportunity Partners Ltd Liability Co accumulated 411,500 shares or 1.64% of the stock. Baker Ellis Asset Ltd owns 14,600 shares or 0.1% of their USA portfolio. Stieven Cap Advisors LP owns 383,000 shares for 1.84% of their portfolio.

Insight Capital Research & Management Inc, which manages about $473.36 million and $177.12M US Long portfolio, decreased its stake in Exelixis Inc (NASDAQ:EXEL) by 47,023 shares to 50,818 shares, valued at $1.23 million in 2017Q3, according to the filing.

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