BBVA Banco Frances (NYSE:BBAR) Stock Price Target Cut by UBS Group

Key Points

• UBS Group cut BBVA Banco Frances’s price target from $20 to $15 while maintaining a “neutral” rating, implying roughly 15.47% upside from the stock’s $12.99 price.
• Analyst sentiment remains mixed, but MarketBeat reports a consensus “Moderate Buy” rating and an average price target of $15.00.
• BBAR reported quarterly earnings of $0.42 per share on $835.6 million in revenue; the stock has traded between $9.15 and $22.47 over the past year and has a market capitalization of approximately $2.65 billion.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) had its price target dropped by equities research analysts at UBS Group from $20.00 to $15.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a "neutral" rating on the bank's stock. UBS Group's price target would indicate a potential upside of 15.47% from the company's current price.

Several other equities research analysts have also weighed in on BBAR. Wall Street Zen upgraded shares of BBVA Banco Frances from a "hold" rating to a "buy" rating in a research note on Sunday, September 6th. Weiss Ratings raised BBVA Banco Frances from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday. Finally, Citigroup cut BBVA Banco Frances from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $15.00.

BBVA Banco Frances Stock Performance

BBAR traded up $0.26 during trading hours on Tuesday, hitting $12.99. 705,917 shares of the stock were exchanged, compared to its average volume of 683,303. The stock has a 50-day simple moving average of $14.60 and a 200-day simple moving average of $16.51. BBVA Banco Frances has a 12 month low of $9.15 and a 12 month high of $22.47. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 12.74 and a beta of 0.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.06 and a quick ratio of 1.06.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last released its earnings results on Friday, August 14th. The bank reported $0.42 earnings per share for the quarter. The firm had revenue of $835.60 million during the quarter. BBVA Banco Frances had a net margin of 4.16% and a return on equity of 7.56%. Analysts anticipate that BBVA Banco Frances will post 1.71 earnings per share for the current year.

Institutional Investors Weigh In On BBVA Banco Frances

Several large investors have recently made changes to their positions in BBAR. XP Advisory US Inc. acquired a new position in shares of BBVA Banco Frances during the second quarter worth approximately $63,000. Carter Financial Group INC. acquired a new stake in BBVA Banco Frances in the 1st quarter valued at approximately $150,000. OceanIQ Capital LLC acquired a new stake in BBVA Banco Frances in the 2nd quarter valued at approximately $249,000. NewEdge Advisors LLC bought a new stake in BBVA Banco Frances during the 2nd quarter valued at $311,000. Finally, Alpine Global Management LLC bought a new stake in BBVA Banco Frances during the 4th quarter valued at $4,042,000.

BBVA Banco Frances Company Profile

BBVA Banco Francés, now known as Banco BBVA Argentina SA, is an Argentine financial institution and a subsidiary of the global BBVA Group. The bank provides banking and financial services to individuals, businesses, corporations and institutional clients throughout Argentina.

Its offerings include checking and savings accounts, consumer and commercial lending, mortgages, credit and debit cards, investment products, foreign-exchange services, payments and cash-management solutions. Through its corporate and investment banking operations, the bank also serves large companies and institutions with financing, transaction banking and related advisory services.

The institution traces its origins to Banco Francés del Río de la Plata, founded in Argentina in 1886.

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