Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) receives new price target of €7.30 at Morgan Stanley
Banco Bilbao Vizcaya Argentaria (NYSE: BBVA) had its price target raised by Morgan Stanley investment analysts from €7.00 ($7.95) to €7.30 ($8.30) in a research note released to investors on Tuesday, reports The Fly . The company currently has an “overweight” rating on the bank’s shares.
Other research analysts have also recently published reports on the company. AlphaValue upgraded Banco Bilbao Vizcaya Argentaria to a “buy” rating in a research report on Tuesday. UBS Group raised its price target on Banco Bilbao Vizcaya Argentaria from €6.20 ($7.05) to €6.30 ($7.16) and gave the company a ‘neutral’ rating in a report research on Thursday, January 27. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Banco Bilbao Vizcaya Argentaria in a Monday, Nov. 1, research note. Societe Generale reiterated a “buy” rating on Banco Bilbao Vizcaya Argentaria shares in a Tuesday, November 2 research note. Finally, Royal Bank of Canada raised its price target on Banco Bilbao Vizcaya Argentaria from C$6.20 to C$6.70 and gave the company an “outperform” rating in a Wednesday research note 3 November. Five research analysts gave the stock a hold rating and eight gave the stock a buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $6.69.
Shares of BBVA rose $0.26 on Tuesday, hitting $6.69. 176,633 shares were traded, against an average volume of 2,460,647. The stock has a 50-day moving average price of $6.18 and a 200-day moving average price of $6.41. The stock has a market capitalization of $44.61 billion, a PE ratio of 8.47 and a beta of 1.46. Banco Bilbao Vizcaya Argentaria has a 1-year low of $5.04 and a 1-year high of $7.26.
Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its quarterly results on Thursday, February 3. The bank reported earnings per share (EPS) of $0.22 for the quarter, beating the consensus estimate of $0.17 by $0.05. Banco Bilbao Vizcaya Argentaria achieved a return on equity of 8.54% and a net margin of 22.03%. The company had revenue of $6.26 billion in the quarter. As a group, analysts expect Banco Bilbao Vizcaya Argentaria to post 0.77 earnings per share for the current year.
A number of institutional investors have recently changed their stock portfolios. Private Capital Group LLC increased its stake in Banco Bilbao Vizcaya Argentaria shares by 17.9% in Q3. Private Capital Group LLC now owns 9,888 shares of the bank worth $65,000 after purchasing an additional 1,504 shares in the last quarter. Cordasco Financial Network increased its stake in Banco Bilbao Vizcaya Argentaria shares by 34.4% in Q3. Cordasco Financial Network now owns 6,315 shares of the bank worth $42,000 after buying 1,615 more shares in the last quarter. Huntington National Bank increased its stake in Banco Bilbao Vizcaya Argentaria shares by 9.2% in Q4. Huntington National Bank now owns 20,463 shares of the bank worth $120,000 after buying 1,724 additional shares in the last quarter. Claro Advisors LLC increased its equity stake in Banco Bilbao Vizcaya Argentaria by 10.8% in Q3. Claro Advisors LLC now owns 18,100 shares of the bank worth $119,000 after buying 1,757 additional shares in the last quarter. Finally, JJJ Advisors Inc. increased its stake in Banco Bilbao Vizcaya Argentaria by 31.6% in the third quarter. JJJ Advisors Inc. now owns 7,672 shares of the bank valued at $51,000 after buying 1,842 additional shares in the last quarter. 2.40% of the shares are held by institutional investors and hedge funds.
About Banco Bilbao Vizcaya Argentaria
Banco Bilbao Vizcaya Argentaria SA carries out the traditional banking activities of retail banking, asset management, private banking and wholesale banking. It operates through the following segments: Spain, United States, Mexico, Turkey, South America and Rest of Eurasia. The Spain segment mainly includes the banking and insurance activities that the group carries out in Spain.
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