Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) rating downgraded by StockNews.com
Banco Bilbao Vizcaya Argentaria (NYSE:BBVA – Get a rating) was downgraded by StockNews.com equity researchers from a “strong buy” rating to a “buy” rating in a research note released on Tuesday.
A number of other research analysts also commented on BBVA. Royal Bank of Canada lowered its price target on Banco Bilbao Vizcaya Argentaria shares from €6.40 ($6.53) to €6.00 ($6.12) in a Wednesday July 6 research note . JPMorgan Chase & Co. lowered its price target on Banco Bilbao Vizcaya Argentaria shares from €6.00 ($6.12) to €5.80 ($5.92) in a Thursday, June 9 research note . Finally, UBS Group lowered its price target on Banco Bilbao Vizcaya Argentaria shares from €6.65 ($6.79) to €6.60 ($6.73) and set a “buy” rating on the action in a Friday July 15 research note. Five equity research analysts gave the stock a hold rating and seven gave the company a buy rating. According to data from MarketBeat, Banco Bilbao Vizcaya Argentaria currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.22.
Banco Bilbao Vizcaya Argentaria trades up 2.7%
NYSE BBVA opened at $4.97 on Tuesday. The company has a debt ratio of 1.12, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $31.74 billion, a PE ratio of 4.92 and a beta of 1.36. Banco Bilbao Vizcaya Argentaria has a 1-year low of $3.93 and a 1-year high of $7.26. The company’s fifty-day moving average is $4.48 and its two-hundred-day moving average is $4.97.
Banco Bilbao Vizcaya Argentaria (NYSE:BBVA – Get Rating) last released its quarterly earnings data on Friday, July 29. The bank reported EPS of $0.30 for the quarter, beating consensus analyst estimates of $0.12 from $0.18. The company posted revenue of $6.49 billion for the quarter, versus analyst estimates of $5.27 billion. 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 0.94 for the current year.
Institutional negotiation of Banco Bilbao Vizcaya Argentaria
A number of institutional investors have recently increased or reduced their stake in BBVA. First Trust Advisors LP acquired a new stake in Banco Bilbao Vizcaya Argentaria during the fourth quarter valued at approximately $203,000. Dimensional Fund Advisors LP increased its holdings of Banco Bilbao Vizcaya Argentaria shares by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,784,932 shares of the bank valued at $33,958,000 after buying an additional 325,303 shares last quarter. BNP Paribas Arbitrage SA increased its equity stake in Banco Bilbao Vizcaya Argentaria by 228.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 45,020 shares in the bank valued at $264,000 after buying an additional 31,304 shares last quarter. Qube Research & Technologies Ltd bought a new equity stake in Banco Bilbao Vizcaya Argentaria in the fourth quarter, valued at approximately $473,000. Finally, Bailard Inc. increased its equity stake in Banco Bilbao Vizcaya Argentaria by 9.0% in the fourth quarter. Bailard inc. now owns 34,405 shares of the bank valued at $202,000 after purchasing an additional 2,855 shares last quarter. Hedge funds and other institutional investors hold 2.60% of the company’s shares.
Banco Bilbao Vizcaya Argentaria company profile
(Get a rating)
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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