Zacks: Brokerages Set $25.50 Target Price for Banco Latinoamericano de Comercio Exterior, S.A. (BLX)

Shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) have been assigned an average broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating.

Brokers have set a 1-year consensus target price of $25.50 for the company and are predicting that the company will post $0.55 EPS for the current quarter, according to Zacks. Zacks has also assigned Banco Latinoamericano de Comercio Exterior an industry rank of 205 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research lowered shares of Banco Latinoamericano de Comercio Exterior from a “hold” rating to a “sell” rating in a research note on Wednesday, November 22nd.

Several institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in shares of Banco Latinoamericano de Comercio Exterior by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 37,617 shares of the bank’s stock worth $1,030,000 after purchasing an additional 108 shares during the last quarter. Schafer Cullen Capital Management Inc. grew its stake in Banco Latinoamericano de Comercio Exterior by 3.0% in the 2nd quarter. Schafer Cullen Capital Management Inc. now owns 123,279 shares of the bank’s stock valued at $3,375,000 after buying an additional 3,620 shares during the last quarter. LSV Asset Management grew its stake in Banco Latinoamericano de Comercio Exterior by 0.7% in the 2nd quarter. LSV Asset Management now owns 1,860,019 shares of the bank’s stock valued at $50,927,000 after buying an additional 13,600 shares during the last quarter. Paradice Investment Management LLC grew its stake in Banco Latinoamericano de Comercio Exterior by 1.4% in the 3rd quarter. Paradice Investment Management LLC now owns 1,913,236 shares of the bank’s stock valued at $56,326,000 after buying an additional 27,077 shares during the last quarter. Finally, Sterling Capital Management LLC acquired a new position in Banco Latinoamericano de Comercio Exterior in the 3rd quarter valued at about $979,000. Institutional investors own 16.34% of the company’s stock.

Banco Latinoamericano de Comercio Exterior (NYSE BLX) opened at $27.86 on Friday. The firm has a market cap of $1,085.29, a PE ratio of 14.51 and a beta of 1.64. Banco Latinoamericano de Comercio Exterior has a 52 week low of $25.51 and a 52 week high of $30.45. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.63 and a current ratio of 1.63.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last released its quarterly earnings data on Friday, October 20th. The bank reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.04). The firm had revenue of $31.07 million for the quarter, compared to analyst estimates of $37.94 million. Banco Latinoamericano de Comercio Exterior had a return on equity of 7.32% and a net margin of 29.97%. research analysts predict that Banco Latinoamericano de Comercio Exterior will post 2.11 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2018/01/13/zacks-brokerages-set-25-50-target-price-for-banco-latinoamericano-de-comercio-exterior-s-a-blx.html.

About Banco Latinoamericano de Comercio Exterior

Banco Latinoamericano de Comercio Exterior, SA (the Bank) is a specialized multinational bank. The Bank is established to support the financing of trade and economic integration in Latin America and the Caribbean. The Company operates in two segments: Commercial and Treasury. The Bank’s Commercial segment incorporates all of the Bank’s financial intermediation and fees generated by the commercial portfolio activities, such as origination of bilateral and syndicated credits, short- and medium-term loans, acceptances and contingent credits.

Get a free copy of the Zacks research report on Banco Latinoamericano de Comercio Exterior (BLX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Banco Latinoamericano de Comercio Exterior Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Latinoamericano de Comercio Exterior and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply