Zacks: Analysts Set $13.00 Target Price for BBX Capital Corp (NYSE:BBX)
Shares of BBX Capital Corp (NYSE:BBX) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price target of $13.00 for the company and are predicting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also given BBX Capital an industry rank of 104 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of BBX Capital from a “buy” rating to a “hold” rating in a report on Monday, March 18th.
BBX Capital (NYSE:BBX) last issued its quarterly earnings data on Monday, May 6th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.03). The business had revenue of $221.06 million for the quarter, compared to analysts’ expectations of $209.85 million. BBX Capital had a net margin of 4.99% and a return on equity of 7.82%. Sell-side analysts anticipate that BBX Capital will post 0.21 earnings per share for the current year.
Hedge funds have recently modified their holdings of the stock. Morgan Stanley boosted its holdings in BBX Capital by 30.4% in the third quarter. Morgan Stanley now owns 350,860 shares of the financial services provider’s stock worth $2,603,000 after acquiring an additional 81,885 shares in the last quarter. Vanguard Group Inc. boosted its holdings in BBX Capital by 1.1% in the third quarter. Vanguard Group Inc. now owns 2,769,416 shares of the financial services provider’s stock worth $20,549,000 after acquiring an additional 30,070 shares in the last quarter. Rhumbline Advisers boosted its holdings in BBX Capital by 45.0% in the fourth quarter. Rhumbline Advisers now owns 90,056 shares of the financial services provider’s stock worth $516,000 after acquiring an additional 27,953 shares in the last quarter. First Trust Advisors LP boosted its holdings in BBX Capital by 19.2% in the fourth quarter. First Trust Advisors LP now owns 117,154 shares of the financial services provider’s stock worth $671,000 after acquiring an additional 18,890 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in BBX Capital in the fourth quarter worth approximately $89,000. 29.61% of the stock is currently owned by institutional investors.
About BBX Capital
BBX Capital Corporation, formerly known as BFC Financial Corporation, is a private equity and venture capital firm specializing in investments and acquisitions of middle market companies. The firm also invests in mergers and acquisition, add-on acquisitions, divestiture, taking public companies private and private companies public, leveraged buyout, partnership, recapitalization, and restructuring.
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