BBVA Banco Frances (NYSE:BFR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “buy” rating in a note issued to investors on Wednesday, January 17th. The firm presently has a $30.00 price target on the bank’s stock. Zacks Investment Research‘s target price suggests a potential upside of 30.38% from the stock’s previous close.
According to Zacks, “Banco Frances del Rio de la Plata S.A. is a full-service banker for large corporations, middle market businesses and individuals. The Company operates approximately 74 branches in Argentina, 8 branches in Uruguay and a sibsidiary bank in the Cayman Islands. “
Several other analysts also recently commented on the stock. Citigroup raised shares of BBVA Banco Frances from a “neutral” rating to a “buy” rating in a report on Monday, November 27th. Santander downgraded shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Finally, TheStreet raised shares of BBVA Banco Frances from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. BBVA Banco Frances has an average rating of “Hold” and a consensus price target of $26.50.
Shares of BBVA Banco Frances (BFR) traded up $1.72 during trading on Wednesday, reaching $23.01. 212,415 shares of the company’s stock were exchanged, compared to its average volume of 292,232. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.04. BBVA Banco Frances has a twelve month low of $14.55 and a twelve month high of $27.45.
BBVA Banco Frances (NYSE:BFR) last issued its quarterly earnings results on Thursday, November 9th. The bank reported $0.32 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.32. research analysts forecast that BBVA Banco Frances will post 1.16 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of BFR. Schroder Investment Management Group lifted its holdings in BBVA Banco Frances by 520.7% during the third quarter. Schroder Investment Management Group now owns 5,094,188 shares of the bank’s stock valued at $99,897,000 after purchasing an additional 4,273,443 shares in the last quarter. Standard Life Aberdeen plc raised its position in shares of BBVA Banco Frances by 68.1% in the fourth quarter. Standard Life Aberdeen plc now owns 3,484,129 shares of the bank’s stock valued at $87,818,000 after buying an additional 1,411,171 shares during the last quarter. Thornburg Investment Management Inc. acquired a new stake in shares of BBVA Banco Frances in the third quarter valued at about $26,218,000. Bienville Capital Management LLC raised its position in shares of BBVA Banco Frances by 274.5% in the third quarter. Bienville Capital Management LLC now owns 818,605 shares of the bank’s stock valued at $16,691,000 after buying an additional 600,000 shares during the last quarter. Finally, Key Square Capital Management LLC acquired a new stake in shares of BBVA Banco Frances in the third quarter valued at about $8,666,000. 16.37% of the stock is currently owned by institutional investors and hedge funds.
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About BBVA Banco Frances
BBVA Banco Frances SA (the Bank) is a provider of financial services to large corporations, small and medium-size companies (SMEs), as well as individual customers. The Bank is focused on the financial sector, through its activities related to banking/financial, pension fund manager and insurance. The Bank has all its operations, property and customers located in Argentina.
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