Banco Latinoamericano de Comerci Extr’s (BLX) “Outperform” Rating Reaffirmed at Raymond James

Banco Latinoamericano de Comerci Extr (NYSE:BLX)‘s stock had its “outperform” rating reaffirmed by investment analysts at Raymond James in a research note issued to investors on Friday, Stock Target Advisor reports. They presently have a $26.00 target price on the bank’s stock. Raymond James’ price target indicates a potential upside of 17.75% from the company’s previous close.

Other equities analysts also recently issued reports about the company. National Bank Financial increased their target price on Banco Latinoamericano de Comerci Extr from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday. CIBC increased their target price on Banco Latinoamericano de Comerci Extr from $24.00 to $25.00 in a research report on Wednesday, October 23rd. ValuEngine downgraded Banco Latinoamericano de Comerci Extr from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 31st. TheStreet upgraded Banco Latinoamericano de Comerci Extr from a “d+” rating to a “c” rating in a research report on Friday, August 2nd. Finally, TD Securities increased their target price on Banco Latinoamericano de Comerci Extr from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $24.33.

NYSE BLX traded up $0.43 during trading hours on Friday, hitting $22.08. 93,808 shares of the company’s stock were exchanged, compared to its average volume of 81,672. The business’s 50 day moving average is $20.10 and its 200-day moving average is $20.26. Banco Latinoamericano de Comerci Extr has a 12-month low of $16.02 and a 12-month high of $22.95. The firm has a market capitalization of $853.27 million, a P/E ratio of 78.86 and a beta of 1.32. The company has a debt-to-equity ratio of 2.60, a quick ratio of 2.09 and a current ratio of 2.20.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last released its earnings results on Friday, October 18th. The bank reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.05). Banco Latinoamericano de Comerci Extr had a return on equity of 8.46% and a net margin of 28.00%. The business had revenue of $29.52 million for the quarter, compared to analysts’ expectations of $35.00 million. As a group, equities research analysts anticipate that Banco Latinoamericano de Comerci Extr will post 2.23 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC raised its holdings in shares of Banco Latinoamericano de Comerci Extr by 0.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 326,500 shares of the bank’s stock worth $6,801,000 after purchasing an additional 2,470 shares during the period. Thomas White International Ltd. raised its holdings in shares of Banco Latinoamericano de Comerci Extr by 3.1% in the 2nd quarter. Thomas White International Ltd. now owns 123,546 shares of the bank’s stock worth $2,573,000 after purchasing an additional 3,702 shares during the period. Rhumbline Advisers raised its holdings in shares of Banco Latinoamericano de Comerci Extr by 9.1% in the 3rd quarter. Rhumbline Advisers now owns 48,347 shares of the bank’s stock worth $964,000 after purchasing an additional 4,021 shares during the period. Lee Danner & Bass Inc. raised its holdings in shares of Banco Latinoamericano de Comerci Extr by 2.3% in the 2nd quarter. Lee Danner & Bass Inc. now owns 605,614 shares of the bank’s stock worth $12,615,000 after purchasing an additional 13,900 shares during the period. Finally, Beddow Capital Management Inc. raised its holdings in shares of Banco Latinoamericano de Comerci Extr by 10.2% in the 2nd quarter. Beddow Capital Management Inc. now owns 334,292 shares of the bank’s stock worth $6,963,000 after purchasing an additional 30,939 shares during the period. Institutional investors own 15.49% of the company’s stock.

Banco Latinoamericano de Comerci Extr Company Profile

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, structured and syndicated credits, and loan commitments; letter of credit contingencies, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets.

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