BBVA Banco Frances S.A. (NYSE:BBAR) Stock Has Average Target Price of $20.00 According to Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on BBVA Banco Frances, with an average 12-month price target of $20.00 versus the stock’s reported opening price of $12.65.
• BBAR reported quarterly EPS of $0.42 on $835.6 million in revenue, with a 4.16% net margin and 7.56% return on equity; analysts expect full-year EPS of $1.71.
• Several hedge funds increased or initiated positions in the bank, including Fourth Sail Capital, which boosted its holdings by 6.7% to more than 2.8 million shares.

Shares of BBVA Banco Frances S.A. (NYSE:BBAR - Get Free Report) have been given an average rating of "Moderate Buy" by the six brokerages that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $20.00.

BBAR has been the topic of several recent analyst reports. Citigroup lowered shares of BBVA Banco Frances from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 2nd. UBS Group increased their target price on shares of BBVA Banco Frances from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Friday, July 10th. Weiss Ratings upgraded shares of BBVA Banco Frances from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday. Finally, Wall Street Zen raised BBVA Banco Frances from a "hold" rating to a "buy" rating in a research note on Sunday, September 6th.

BBVA Banco Frances Stock Performance

NYSE:BBAR opened at $12.65 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.06 and a debt-to-equity ratio of 0.33. BBVA Banco Frances has a fifty-two week low of $9.15 and a fifty-two week high of $22.47. The stock has a market cap of $2.58 billion, a PE ratio of 12.40 and a beta of 0.90. The firm's fifty day simple moving average is $14.73 and its 200-day simple moving average is $16.51.

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

Hedge Funds Weigh In On BBVA Banco Frances

Several hedge funds have recently bought and sold shares of BBAR. Fourth Sail Capital LP boosted its position in BBVA Banco Frances by 6.7% during the fourth quarter. Fourth Sail Capital LP now owns 2,847,061 shares of the bank's stock worth $51,446,000 after purchasing an additional 177,799 shares in the last quarter. Alpine Global Management LLC acquired a new stake in BBVA Banco Frances in the fourth quarter valued at $4,042,000. NewEdge Advisors LLC acquired a new stake in BBVA Banco Frances in the second quarter valued at $311,000. OceanIQ Capital LLC acquired a new stake in BBVA Banco Frances in the second quarter valued at $249,000. Finally, Carter Financial Group INC. purchased a new position in shares of BBVA Banco Frances in the first quarter valued at $150,000.

About BBVA Banco Frances

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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