You should consider shares of MSG Networks Inc. (NYSE:MSGN) and Bank of America Corporation (NYSE:BAC) if you are looking for a great stocks to invest in. Starting with the MSGN shares, which traded at $15.88 at the close of the recent session, dropping -1.43%. On Tuesday, the company’s shares shed -$0.23 from its value which represented in intraday trading. The stock is now -40.70% lower in year-to-date (YTD) trading. MSGN’s intraday high was $15.95 while its lowest price touched $15.505. The stock’s 52-week high price is $27.00, which means the current price is at -41.19%. In terms of trading activity, the daily trading volume rose to 962097 against 200-day average trading volume of 781,648 shares.
What are analyst forecasts for MSG Networks Inc. (NYSE:MSGN)?
At a consensus rating of 2.00, MSGN is trending as a streaking Moderate Sell, as it has been the case a month ago when 6 analysts called it a Moderate Sell. Two months ago, 6 analysts recommended, on average, that MSGN stock is a Moderate Sell. The Services company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $15.90 on the day.
Forecasts for MSG Networks Inc. (NYSE:MSGN) give the stock a fair value for the growth of 0.75% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $16.00, which means the price per share could rise by nearly $0.12. The price range target is between a low of $15.00 and a high of $24.00. The stock would need to gain by about $33.83 to hit the estimated high or 0.86% from its 12-month low.
The consensus among 10 analysts is that it is a good time for one to Hold in the MSG Networks Inc. 2 analysts rate MSGN as a Buy, with 4 of 10 analysts rate it as a Sell. 0 have valued the stock as Overweight and 4 have recommended that investors Hold.
MSG Networks Inc. (NYSE:MSGN) Upgrades and Downgrades
In terms of rating changes, Guggenheim on November 19, 2019, Downgrade MSG Networks Inc. (MSGN) at Sell. They believe the stock could reach $15 in the near term. Analysts at Imperial Capital have assigned a Outperform rating for the stock in their research note on August 22, 2019 with an estimated price target of $24. Moreover, Evercore ISI analysts issued a rating of Underperform for the stock on August 21, 2019. On July 19, 2019, the stock earned a Underweight rating due to an analyst call from JP Morgan, while analysts from Rosenblatt on May 06, 2019 suggested that the stock is Neutral.
Bank of America Corporation (NYSE:BAC) adds -$0.59 on Tuesday
The BAC stock has risen 33.28% year-to-date and is currently trading at $32.84, which is -2.70% below its 52-week high. The company shares lost -1.76% on the day and have risen nearly 44.92% off a low hit. At current levels, Bank of America Corporation has a valuation of about $72.15B. As of 12/03/19, this stock has fallen -1.88% during the week and closed at $33.43 in the previous session. However, recent Bank of America Corporation stock performance shows that BAC shares are 3.27% up over the last month, and 19.46% up for the last three months.
Earnings per share (EPS) estimates for the current quarter are $0.63, with the trailing 12-month share earnings at $2.71. The ratio is expected to be up by 3.80% for the current year 2019 and 9.60% for next year. Over the next 5-year period, earnings per share will be 7.21%. But will the BAC stock surprise in the current quarter results, where the $0.56 actual EPS reported on 9/29/2019 surprised by 9.80% or was higher by $0.05 from the estimated $0.51.
Sales Growth to decline -0.30% for the year
How well will Bank of America Corporation perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $22.14B and $22.69B in current quarter sales. The consensus estimated for the current quarter is $22.49B from sales. Forecasts for this fiscal year are between $90.8B and $92.13B and the consensus estimate for sales is at $91.74B. BAC has its next quarter sales estimates at between $22.65B and $23.51B, with the quarter-over-quarter growth estimates at -0.80% and the annual growth forecast for the year at -0.30%.
Who owns shares in Bank of America Corporation (BAC)?
Let’s briefly focus on the share ownership of the Bank of America Corporation (NYSE:BAC) stock, where we find that 70.43% of shares are held by institutions. Berkshire Hathaway, Inc tops the list of institutional owners as it is holding 927.25 million shares or 10.31% of shares outstanding. Vanguard Group, Inc. (The) and Blackrock Inc. held 635.87 million and 548.23 million representing 7.07% and 6.09% respectively at the close of the last trading session. As of Sep 29, 2019, State Street Corporation accounted for 367.44 million shares at over 10.72 billion. This represented 4.08% of shares outstanding. FMR, LLC held 274.22 million shares at over 8.0 billion representing 3.05% of shares outstanding.
BAC Insider Activity
Insider activity can also give a signal in terms of price direction. Looking at Bank of America Corporation (BAC), a total of 46500 shares have been sold by insiders over the last 6 months while 181028 shares were added in the same time span. On 3/01/2019, Chairman & Chief Executive Officer by the name Moynihan Brian T sold 261488.0 shares worth $7.7 million at the price of $29.31 per share. Filings also show that Montag Thomas Kell sold a total of 183737.0 shares on 3/01/2019 valued at $5.4 million. Since the last insider activity, the company’s share price has climbed 14.06%.