Analysts Set BBVA Banco Frances S.A. (BFR) Price Target at $23.00

BBVA Banco Frances S.A. (NYSE:BFR) has been assigned an average rating of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $23.00.

BFR has been the subject of a number of research reports. Zacks Investment Research downgraded BBVA Banco Frances from a “hold” rating to a “strong sell” rating in a research note on Monday, November 20th. Citigroup upgraded BBVA Banco Frances from a “neutral” rating to a “buy” rating in a research report on Monday, November 27th. Santander downgraded BBVA Banco Frances from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. ValuEngine upgraded BBVA Banco Frances from a “hold” rating to a “buy” rating in a research report on Friday. Finally, TheStreet upgraded BBVA Banco Frances from a “c+” rating to a “b” rating in a research report on Thursday, December 21st.

Shares of BBVA Banco Frances (NYSE BFR) traded up $0.15 during mid-day trading on Friday, reaching $22.52. The company’s stock had a trading volume of 29,961 shares, compared to its average volume of 284,650. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.22 and a current ratio of 1.22. BBVA Banco Frances has a 12 month low of $14.55 and a 12 month high of $27.45. The firm has a market capitalization of $4,580.00, a P/E ratio of 26.95 and a beta of 0.60.

BBVA Banco Frances (NYSE:BFR) last issued its earnings results on Thursday, November 9th. The bank reported $0.32 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.32. analysts anticipate that BBVA Banco Frances will post 1.16 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in BFR. Schroder Investment Management Group raised its stake in BBVA Banco Frances by 520.7% during the 3rd 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 during the period. Thornburg Investment Management Inc. bought a new stake in BBVA Banco Frances during the third quarter valued at about $26,218,000. Bienville Capital Management LLC boosted its holdings in BBVA Banco Frances by 274.5% during the third quarter. Bienville Capital Management LLC now owns 818,605 shares of the bank’s stock valued at $16,691,000 after acquiring an additional 600,000 shares during the period. Key Square Capital Management LLC bought a new stake in BBVA Banco Frances during the third quarter valued at about $8,666,000. Finally, Dupont Capital Management Corp bought a new stake in BBVA Banco Frances during the fourth quarter valued at about $10,035,000. 16.18% of the stock is currently owned by hedge funds and other institutional investors.

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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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