BBVA Banco Frances S.A. (NYSE:BBAR) Stock Has Consensus Price Target of $20.00 According to Brokerages

Shares of BBVA Banco Frances S.A. (NYSE:BBAR) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $15.00.

Several brokerages have recently weighed in on BBAR. Wall Street Zen upgraded shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a report on Sunday, September 6th. Citigroup cut shares of BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. UBS Group reduced their target price on BBVA Banco Frances from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. Finally, Weiss Ratings raised BBVA Banco Frances from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fourth Sail Capital LP increased its holdings in shares of BBVA Banco Frances by 6.7% during the fourth quarter. Fourth Sail Capital LP now owns 2,847,061 shares of the bank’s stock valued at $51,446,000 after acquiring an additional 177,799 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of BBVA Banco Frances in the 4th quarter worth $4,042,000. NewEdge Advisors LLC bought a new position in shares of BBVA Banco Frances in the 2nd quarter worth $311,000. OceanIQ Capital LLC bought a new position in shares of BBVA Banco Frances in the 2nd quarter worth $249,000. Finally, Carter Financial Group INC. bought a new position in shares of BBVA Banco Frances in the 1st quarter worth $150,000.

BBVA Banco Frances Stock Down 1.3%

Shares of NYSE BBAR opened at $12.77 on Friday. The firm has a market cap of $2.61 billion, a PE ratio of 12.52 and a beta of 0.90. BBVA Banco Frances has a 12-month low of $9.17 and a 12-month high of $22.47. The company’s fifty day simple moving average is $14.22 and its 200 day simple moving average is $16.45. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.33.

BBVA Banco Frances (NYSE:BBAR) last posted its quarterly earnings results on Friday, August 14th. The bank reported $0.42 EPS for the quarter. BBVA Banco Frances had a net margin of 4.16% and a return on equity of 7.56%. The business had revenue of $835.60 million during the quarter. As a group, sell-side analysts forecast that BBVA Banco Frances will post 1.71 earnings per share for the current fiscal year.

BBVA Banco Frances Company Profile

BBVA Banco Francés, now known as Banco BBVA Argentina SA, is an Argentine financial institution and a subsidiary of the global BBVA Group. The bank provides banking and financial services to individuals, businesses, corporations and institutional clients throughout Argentina.

Its offerings include checking and savings accounts, consumer and commercial lending, mortgages, credit and debit cards, investment products, foreign-exchange services, payments and cash-management solutions. Through its corporate and investment banking operations, the bank also serves large companies and institutions with financing, transaction banking and related advisory services.

The institution traces its origins to Banco Francés del Río de la Plata, founded in Argentina in 1886.