Banco BBVA Argentina (NYSE:BBAR) Raised to “Overweight” at Morgan Stanley

Banco BBVA Argentina (NYSE:BBAR) was upgraded by Morgan Stanley from an “underweight” rating to an “overweight” rating in a research report issued to clients and investors on Monday, MarketBeat reports. The firm currently has a $27.00 target price on the bank’s stock. Morgan Stanley’s price objective would suggest a potential upside of 40.55% from the stock’s previous close.

Separately, StockNews.com downgraded Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Banco BBVA Argentina Trading Down 0.1 %

Shares of Banco BBVA Argentina stock opened at $19.21 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.99. The company has a fifty day moving average of $14.94 and a 200 day moving average of $11.67. The company has a market capitalization of $3.92 billion, a P/E ratio of 10.01 and a beta of 1.49. Banco BBVA Argentina has a fifty-two week low of $4.63 and a fifty-two week high of $19.98.

Institutional Investors Weigh In On Banco BBVA Argentina

Several large investors have recently added to or reduced their stakes in BBAR. Virtu Financial LLC purchased a new stake in shares of Banco BBVA Argentina in the 3rd quarter worth $506,000. XTX Topco Ltd bought a new stake in shares of Banco BBVA Argentina in the third quarter valued at about $136,000. Point72 Asset Management L.P. lifted its stake in Banco BBVA Argentina by 72.8% in the third quarter. Point72 Asset Management L.P. now owns 43,200 shares of the bank’s stock worth $448,000 after acquiring an additional 18,200 shares during the period. PointState Capital LP grew its holdings in Banco BBVA Argentina by 14.2% during the 3rd quarter. PointState Capital LP now owns 1,664,893 shares of the bank’s stock worth $17,265,000 after acquiring an additional 206,399 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in Banco BBVA Argentina during the 3rd quarter valued at about $293,000.

About Banco BBVA Argentina

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.