Banco Bilbao Vizcaya Argentaria (NYSE: BBVA) improved by Zacks Investment Research to “buy”
Banco Bilbao Vizcaya Argentaria (NYSE: BBVA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note released Tuesday, Zacks.com reports. The brokerage currently has a target price of $ 7.00 on the bank’s stock. Zacks Investment Research’s price target would suggest a potential rise of 15.32% from the company’s current price.
According to Zacks, “Banco Bilbao Vizcaya is engaged in a wide variety of banking, financial and related activities in Spain.”
Other research analysts have also published reports on the stock. Barclays reiterated an “equal weight” rating on Banco Bilbao Vizcaya Argentaria shares in a research note on Monday, May 24. The UBS Group reaffirmed the “neutral” rating of Banco Bilbao Vizcaya Argentaria shares in a research report published on Wednesday 9 June. The Royal Bank of Canada reaffirmed an “outperformance” rating on Banco Bilbao Vizcaya Argentaria shares in a research report on Monday, June 28. Societe Generale upgraded the shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research report published Wednesday (June 16th). Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on Banco Bilbao Vizcaya Argentaria shares in a research report on Thursday, June 17th. Two research analysts rated the stock with a sell rating, six assigned a conservation rating, and seven gave the company’s stock a buy rating. Banco Bilbao Vizcaya Argentaria has a consensus rating of “Hold” and an average price target of $ 7.00.
BBVA shares traded down $ 0.16 at midday on Tuesday, reaching $ 6.07. 1,322,860 company shares were traded, against an average volume of 2,532,768. The company’s fifty-day simple moving average is $ 6.21. Banco Bilbao Vizcaya Argentaria has a twelve month minimum of $ 2.49 and a twelve month maximum of $ 6.53. The company has a market cap of $ 40.47 billion, a PE ratio of 8.67 and a beta of 1.45. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt ratio of 1.13.
Banco Bilbao Vizcaya Argentaria (NYSE: BBVA) last reported its quarterly results on Friday, April 30. The bank reported $ 0.17 of EPS for the quarter. Banco Bilbao Vizcaya Argentaria had a net margin of 20.08% and a return on equity of 7.82%. The company reported sales of $ 6.21 billion for the quarter. As a group, equity research analysts predict that Banco Bilbao Vizcaya Argentaria will post 0.57 BPA for the current year.
A number of institutional investors and hedge funds have recently changed their positions in BBVA. BlackRock Inc. increased its stake in Banco Bilbao Vizcaya Argentaria by 147,005.1% in the first quarter. BlackRock Inc. now owns 2,515,497 shares of the bank valued at $ 13,131,000 after purchasing an additional 2,513,787 shares last quarter. Fisher Asset Management LLC increased its stake in Banco Bilbao Vizcaya Argentaria by 5.6% in the first quarter. Fisher Asset Management LLC now owns 40,354,201 shares of the bank valued at $ 210,649,000 after purchasing an additional 2,124,561 shares last quarter. Capital International Investors increased its stake in Banco Bilbao Vizcaya Argentaria by 18.1% in the first quarter. Capital International Investors now owns 11,976,312 shares of the bank valued at $ 63,235,000 after purchasing an additional 1,832,859 shares in the last quarter. Wells Fargo & Company MN increased its position in Banco Bilbao Vizcaya Argentaria shares by 174.5% in the fourth quarter. Wells Fargo & Company MN now owns 2,080,791 shares of the bank valued at $ 10,279,000 after purchasing an additional 1,322,868 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Banco Bilbao Vizcaya Argentaria shares by 23.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,581,587 shares of the bank valued at $ 27,573,000 after purchasing an additional 1,059,615 shares in the last quarter. 2.43% of the shares are currently held by hedge funds and other institutional investors.
Banco Bilbao Vizcaya Argentaria Company Profile
Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail banking, wholesale banking, asset management and private banking services. It offers current accounts; and sight, savings, sight, term, term and subordinated deposits. The company also offers loan products; securities transactions; and manages pension funds.
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