Zacks: Banco Latinoamericano de Comerci Extr SA (BLX) Given $16.00 Consensus Target Price by Brokerages

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Shares of Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) have received a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating. Banco Latinoamericano de Comerci Extr’s rating score has declined by 66.7% in the last three months as a result of a number of analysts’ ratings changes.

Brokers have set a 12 month consensus price target of $16.00 for the company and are predicting that the company will post $0.43 EPS for the current quarter, according to Zacks. Zacks has also given Banco Latinoamericano de Comerci Extr an industry rank of 184 out of 256 based on the ratings given to its competitors.

Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Banco Latinoamericano de Comerci Extr from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 10th. TD Securities reiterated a “buy” rating and set a $21.00 price target on shares of Banco Latinoamericano de Comerci Extr in a research report on Monday, November 12th. ValuEngine cut Banco Latinoamericano de Comerci Extr from a “sell” rating to a “strong sell” rating in a research report on Thursday. TheStreet cut Banco Latinoamericano de Comerci Extr from a “c” rating to a “d+” rating in a research report on Thursday, November 1st. Finally, JPMorgan Chase & Co. cut Banco Latinoamericano de Comerci Extr from a “neutral” rating to an “underweight” rating in a research report on Thursday, October 25th.

BLX stock traded up $0.22 during trading on Friday, hitting $18.12. 196,029 shares of the company traded hands, compared to its average volume of 130,313. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.44. The stock has a market cap of $696.66 million, a P/E ratio of 8.71 and a beta of 1.31. Banco Latinoamericano de Comerci Extr has a 1 year low of $15.31 and a 1 year high of $30.50.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last announced its quarterly earnings results on Thursday, October 25th. The bank reported ($1.03) earnings per share for the quarter, missing the consensus estimate of $0.50 by ($1.53). The company had revenue of $29.70 million for the quarter, compared to analysts’ expectations of $36.59 million. Banco Latinoamericano de Comerci Extr had a net margin of 4.29% and a return on equity of 6.89%. On average, research analysts predict that Banco Latinoamericano de Comerci Extr will post 0.18 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. American International Group Inc. purchased a new stake in shares of Banco Latinoamericano de Comerci Extr in the third quarter valued at approximately $425,000. Motley Fool Wealth Management LLC increased its position in shares of Banco Latinoamericano de Comerci Extr by 21.3% in the third quarter. Motley Fool Wealth Management LLC now owns 452,202 shares of the bank’s stock valued at $9,460,000 after buying an additional 79,379 shares in the last quarter. Finally, Paradice Investment Management LLC increased its position in shares of Banco Latinoamericano de Comerci Extr by 7.9% in the third quarter. Paradice Investment Management LLC now owns 2,320,357 shares of the bank’s stock valued at $48,542,000 after buying an additional 169,313 shares in the last quarter. Institutional investors and hedge funds own 16.24% of the company’s stock.

About Banco Latinoamericano de Comerci Extr

Banco Latinoamericano de Comercio Exterior, SA, a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral, collateral-backed, short and medium term trade, and pre-export financing structured loans; and discounting of notes, cross-border leasing, pre- and post-export financing, import financing, letters of credit, bank guarantees, documentary collection, irrevocable reimbursement undertakings, bankers' acceptance, vendor finance, and ECA-backed financing services.

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