Brokerages Set Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Price Target at $6.70

Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) have received a consensus rating of “Buy” from the twelve analysts that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $6.70.

A number of equities analysts have commented on the stock. UBS Group reaffirmed a “neutral” rating on shares of Banco Bilbao Vizcaya Argentaria in a research report on Monday, November 1st. Royal Bank of Canada lifted their target price on Banco Bilbao Vizcaya Argentaria from C$6.20 to C$6.70 and gave the stock an “outperform” rating in a report on Wednesday, November 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Banco Bilbao Vizcaya Argentaria in a report on Monday, November 1st. Societe Generale reissued a “buy” rating on shares of Banco Bilbao Vizcaya Argentaria in a report on Tuesday, November 2nd. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Banco Bilbao Vizcaya Argentaria in a report on Monday, November 1st.

NYSE:BBVA opened at $6.63 on Wednesday. The firm has a fifty day simple moving average of $6.01 and a 200 day simple moving average of $6.36. Banco Bilbao Vizcaya Argentaria has a 1-year low of $4.53 and a 1-year high of $7.26. The stock has a market capitalization of $44.21 billion, a PE ratio of 8.61 and a beta of 1.56.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly earnings data on Friday, October 29th. The bank reported $0.24 EPS for the quarter. Banco Bilbao Vizcaya Argentaria had a net margin of 22.17% and a return on equity of 8.11%. The firm had revenue of $6.28 billion during the quarter, compared to analysts’ expectations of $5.99 billion. Research analysts predict that Banco Bilbao Vizcaya Argentaria will post 0.75 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Private Capital Group LLC grew its position in Banco Bilbao Vizcaya Argentaria by 17.9% in the third quarter. Private Capital Group LLC now owns 9,888 shares of the bank’s stock valued at $65,000 after acquiring an additional 1,504 shares during the last quarter. Cordasco Financial Network grew its position in Banco Bilbao Vizcaya Argentaria by 34.4% in the third quarter. Cordasco Financial Network now owns 6,315 shares of the bank’s stock valued at $42,000 after acquiring an additional 1,615 shares during the last quarter. Claro Advisors LLC grew its position in Banco Bilbao Vizcaya Argentaria by 10.8% in the third quarter. Claro Advisors LLC now owns 18,100 shares of the bank’s stock valued at $119,000 after acquiring an additional 1,757 shares during the last quarter. Huntington National Bank grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 10.6% during the third quarter. Huntington National Bank now owns 18,739 shares of the bank’s stock worth $123,000 after purchasing an additional 1,799 shares during the last quarter. Finally, JJJ Advisors Inc. grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 31.6% during the third quarter. JJJ Advisors Inc. now owns 7,672 shares of the bank’s stock worth $51,000 after purchasing an additional 1,842 shares during the last quarter. Hedge funds and other institutional investors own 2.40% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria SA engages in the traditional banking businesses of retail banking, asset management, private banking, and wholesale banking. It operates through the following segments: Spain, the United States, Mexico, Turkey, South America, and Rest of Eurasia. The Spain segment includes mainly the banking and insurance business that the group carries out in Spain.

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Analyst Recommendations for Banco Bilbao Vizcaya Argentaria (NYSE:BBVA)

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