Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Price target raised to €5.80 by Berenberg Bank analysts
Banco Bilbao Vizcaya Argentaria (NYSE:BBVA – Get a rating) had its price target raised by analysts at Berenberg Bank from €5.30 ($5.41) to €5.80 ($5.92) in a research report published on Tuesday, reports The Fly.
Several other analysts have also weighed in on the company recently. StockNews.com downgraded Banco Bilbao Vizcaya Argentaria’s rating from a “Strong Buy” rating to a “Buy” rating in a Tuesday report. UBS Group cut its price target on Banco Bilbao Vizcaya Argentaria from €6.65 ($6.79) to €6.60 ($6.73) and set a “buy” rating for the company in a memo research on Friday July 15. Royal Bank of Canada raised its price target on Banco Bilbao Vizcaya Argentaria shares from €6.20 ($6.33) to €6.50 ($6.63) in a Friday, October 14 research report . Credit Suisse Group raised its price target on Banco Bilbao Vizcaya Argentaria shares from €5.20 ($5.31) to €5.50 ($5.61) and gave the company a “neutral” rating. in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised its price target on shares of Banco Bilbao Vizcaya Argentaria from €6.70 ($6.84) to €7.00 ($7.14) in a research note on Tuesday. Five analysts gave the stock a hold rating and seven gave the company a buy rating. According to MarketBeat.com, Banco Bilbao Vizcaya Argentaria currently has an average rating of “Moderate Buy” and a consensus target price of $6.34.
Banco Bilbao Vizcaya Argentaria trades up 1.4%
Shares of BBVA rose $0.07 on Tuesday, hitting $5.22. The stock recorded a trading volume of 85,985 shares, compared to an average volume of 1,830,846 shares. The company’s 50-day moving average price is $4.70 and its 200-day moving average price is $4.76. Banco Bilbao Vizcaya Argentaria has a 1-year low of $3.93 and a 1-year high of $7.26. The company has a market capitalization of $33.34 billion, a P/E ratio of 5.17 and a beta of 1.25. The company has a debt ratio of 1.12, a current ratio of 1.07 and a quick ratio of 1.07.
Banco Bilbao Vizcaya Argentaria (NYSE:BBVA – Get Rating) last released its results on Friday, July 29. The bank reported earnings per share of $0.30 for the quarter, beating the consensus estimate of $0.12 by $0.18. The company posted revenue of $6.49 billion for the quarter, versus $5.27 billion expected by analysts. Banco Bilbao Vizcaya Argentaria achieved a net margin of 26.49% and a return on equity of 12.60%. Analysts expect Banco Bilbao Vizcaya Argentaria to post earnings per share of 0.93 for the current year.
Institutional entries and exits
A number of hedge funds have recently changed their holdings in the company. SG Americas Securities LLC increased its stake in Banco Bilbao Vizcaya Argentaria by 2.9% in the third quarter. SG Americas Securities LLC now owns 71,451 shares of the bank valued at $318,000 after buying an additional 2,000 shares in the last quarter. Naviter Wealth LLC raised its position in shares of Banco Bilbao Vizcaya Argentaria by 4.5% in the third quarter. Naviter Wealth LLC now owns 63,840 shares of the bank valued at $284,000 after purchasing an additional 2,740 shares in the last quarter. Veriti Management LLC increased its position in shares of Banco Bilbao Vizcaya Argentaria by 22.9% in the third quarter. Veriti Management LLC now owns 205,441 shares of the bank valued at $914,000 after purchasing an additional 38,219 shares during the period. Lesa Sroufe & Co acquired a new position in shares of Banco Bilbao Vizcaya Argentaria during Q3 worth approximately $1,512,000. Finally, Sequoia Financial Advisors LLC increased its stake in Banco Bilbao Vizcaya Argentaria by 8.9% during the third quarter. Sequoia Financial Advisors LLC now owns 42,734 shares of the bank worth $190,000 after purchasing 3,496 additional shares during the period. 2.60% of the shares are held by hedge funds and other institutional investors.
About Banco Bilbao Vizcaya Argentaria
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Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail banking, wholesale banking and asset management services. It offers current accounts; and demand, savings, demand, time, term and subordinated deposits. The company also offers loan products; securities trading; and manages pension and investment funds.
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