BBVA Banco Frances (NYSE:BBAR) Stock Rating Upgraded by The Goldman Sachs Group

BBVA Banco Frances (NYSE:BBAR) was upgraded by analysts at The Goldman Sachs Group to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of BBVA Banco Frances in a research report on Wednesday, October 8th. Hsbc Global Res raised BBVA Banco Frances to a “strong-buy” rating in a research report on Wednesday, October 1st. Citigroup raised BBVA Banco Frances from a “neutral” rating to a “buy” rating in a report on Monday, November 3rd. Wall Street Zen raised shares of BBVA Banco Frances from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. Finally, HSBC raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating and dropped their target price for the stock from $21.00 to $17.00 in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, BBVA Banco Frances presently has a consensus rating of “Buy” and a consensus target price of $20.67.

BBVA Banco Frances Stock Performance

BBVA Banco Frances stock opened at $15.73 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $3.21 billion, a P/E ratio of 11.74 and a beta of 1.19. BBVA Banco Frances has a 1-year low of $7.76 and a 1-year high of $25.01. The company’s 50-day moving average is $10.96 and its 200 day moving average is $15.04.

BBVA Banco Frances (NYSE:BBAR) last announced its quarterly earnings data on Wednesday, August 20th. The bank reported $0.24 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.13). The business had revenue of $524.41 million during the quarter, compared to the consensus estimate of $727.31 billion. BBVA Banco Frances had a net margin of 6.65% and a return on equity of 10.24%. Research analysts forecast that BBVA Banco Frances will post 1.94 EPS for the current year.

Hedge Funds Weigh In On BBVA Banco Frances

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBAR. Private Advisor Group LLC purchased a new stake in BBVA Banco Frances during the 1st quarter worth approximately $224,000. XTX Topco Ltd lifted its stake in shares of BBVA Banco Frances by 97.3% in the first quarter. XTX Topco Ltd now owns 32,603 shares of the bank’s stock worth $591,000 after buying an additional 16,082 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in BBVA Banco Frances during the first quarter worth about $312,000. Gemsstock Ltd. grew its stake in BBVA Banco Frances by 62.5% during the 1st quarter. Gemsstock Ltd. now owns 241,274 shares of the bank’s stock valued at $4,372,000 after acquiring an additional 92,758 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in BBVA Banco Frances in the 1st quarter valued at about $211,000.

BBVA Banco Frances Company Profile

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.