Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) has received a consensus broker rating score of 5.00 (Strong Sell) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation. Banco Latinoamericano de Comerci Extr’s rating score has declined by 66.7% from 90 days ago as a result of a number of analysts’ ratings changes.

Analysts have set a 1 year consensus price objective of $16.00 for the company and are anticipating that the company will post $0.43 earnings per share for the current quarter, according to Zacks. Zacks has also given Banco Latinoamericano de Comerci Extr an industry rank of 184 out of 256 based on the ratings given to its competitors.

A number of brokerages have recently commented on BLX. ValuEngine cut shares of Banco Latinoamericano de Comerci Extr from a “sell” rating to a “strong sell” rating in a report on Thursday. Zacks Investment Research upgraded shares of Banco Latinoamericano de Comerci Extr from a “sell” rating to a “hold” rating in a report on Thursday, December 27th. TD Securities restated a “buy” rating and set a $21.00 target price on shares of Banco Latinoamericano de Comerci Extr in a report on Monday, November 12th. TheStreet cut shares of Banco Latinoamericano de Comerci Extr from a “c” rating to a “d+” rating in a report on Thursday, November 1st. Finally, JPMorgan Chase & Co. cut shares of Banco Latinoamericano de Comerci Extr from a “neutral” rating to an “underweight” rating in a report on Thursday, October 25th.

Banco Latinoamericano de Comerci Extr stock traded up $0.22 during mid-day trading on Friday, reaching $18.12. 196,029 shares of the company traded hands, compared to its average volume of 130,313. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.44. The company has a market cap of $696.66 million, a P/E ratio of 8.71 and a beta of 1.31. Banco Latinoamericano de Comerci Extr has a 52-week low of $15.31 and a 52-week high of $30.50.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last announced its earnings results on Thursday, October 25th. The bank reported ($1.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($1.53). Banco Latinoamericano de Comerci Extr had a net margin of 4.29% and a return on equity of 6.89%. The business had revenue of $29.70 million for the quarter, compared to the consensus estimate of $36.59 million. Analysts predict that Banco Latinoamericano de Comerci Extr will post 0.18 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. American International Group Inc. bought a new position in Banco Latinoamericano de Comerci Extr in the 3rd quarter worth about $425,000. Paradice Investment Management LLC boosted its stake in Banco Latinoamericano de Comerci Extr by 7.9% in the 3rd quarter. Paradice Investment Management LLC now owns 2,320,357 shares of the bank’s stock worth $48,542,000 after purchasing an additional 169,313 shares in the last quarter. Finally, Motley Fool Wealth Management LLC boosted its stake in Banco Latinoamericano de Comerci Extr by 21.3% in the 3rd quarter. Motley Fool Wealth Management LLC now owns 452,202 shares of the bank’s stock worth $9,460,000 after purchasing an additional 79,379 shares in the last quarter. Institutional investors own 16.24% of the company’s stock.

About Banco Latinoamericano de Comerci Extr

Banco Latinoamericano de Comercio Exterior, SA, a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral, collateral-backed, short and medium term trade, and pre-export financing structured loans; and discounting of notes, cross-border leasing, pre- and post-export financing, import financing, letters of credit, bank guarantees, documentary collection, irrevocable reimbursement undertakings, bankers' acceptance, vendor finance, and ECA-backed financing services.

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