Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm presently has a $9.75 target price on the bank’s stock. Zacks Investment Research‘s target price indicates a potential upside of 12.33% from the stock’s current price.
According to Zacks, “Banco Bilbao Vizcaya is engaged in a wide variety of banking, financial and related activities in Spain. “
Other equities analysts have also recently issued research reports about the stock. BidaskClub cut shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. ValuEngine upgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $9.75.
Banco Bilbao Vizcaya Argentaria (NYSE BBVA) traded up $0.14 during midday trading on Friday, reaching $8.68. The company had a trading volume of 2,734,900 shares, compared to its average volume of 2,302,833. The firm has a market capitalization of $58,700.00, a PE ratio of 11.89, a P/E/G ratio of 1.20 and a beta of 0.96. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.27. Banco Bilbao Vizcaya Argentaria has a fifty-two week low of $6.34 and a fifty-two week high of $9.35.
Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Friday, October 27th. The bank reported $0.19 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The firm had revenue of $7.27 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 7.49% and a net margin of 16.46%. sell-side analysts predict that Banco Bilbao Vizcaya Argentaria will post 0.76 earnings per share for the current year.
Several large investors have recently modified their holdings of BBVA. Neuberger Berman Group LLC lifted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 0.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 865,231 shares of the bank’s stock worth $7,718,000 after purchasing an additional 6,335 shares in the last quarter. Synovus Financial Corp increased its stake in Banco Bilbao Vizcaya Argentaria by 4.3% during the 3rd quarter. Synovus Financial Corp now owns 183,951 shares of the bank’s stock valued at $1,645,000 after purchasing an additional 7,579 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in Banco Bilbao Vizcaya Argentaria by 27.7% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 49,709 shares of the bank’s stock worth $443,000 after buying an additional 10,796 shares during the last quarter. Beacon Investment Advisory Services Inc. acquired a new position in Banco Bilbao Vizcaya Argentaria during the third quarter worth $100,000. Finally, Glovista Investments LLC acquired a new position in Banco Bilbao Vizcaya Argentaria during the third quarter worth $108,000. 3.17% of the stock is currently owned by institutional investors.
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About Banco Bilbao Vizcaya Argentaria
Banco Bilbao Vizcaya Argentaria, SA (BBVA) is a diversified financial company engaged in retail banking, wholesale banking, asset management and private banking. Its segments include Banking Activity in Spain, Real Estate Activity in Spain, the United States Turkey, Mexico, South America and Rest of Eurasia.
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